The supplier of natural raw materials for fragrances and flavors has reported net sales of EUR 807 million in 2024, up 12% compared to last year.
On a comparable exchange rate and scope basis, organic growth came out at 10.3%. At constant exchange rates: up 12.7%. On a like-for-like basis: up 9.6%.
All regions helped drive the Group’s 10.3% organic growth, without exception. New markets such as Southeast Asia, China, Latin America and the Middle East enjoyed strong growth, while Europe and the USA delivered a very solid performance. India has also seen strong growth, thanks to the acquisition and successful integration of Sonarome.
According to Robertet, all the group’s divisions contributed to growth in 2024. For instance, the Raw Materials business accounted for 24.3% of sales, up 16.9%. “This return to growth reflects the upturn in organic products, healthy sales in luxury fragrances and the impact of certain customers rebuilding their inventories after a low point in 2023.”
Fragrances accounted for 39.4% of sales and saw growth of 16.4%. This remarkable performance was driven by the success of numerous niche fragrance brands around the world, in particular in the USA, China and Brazil.
Flavors represented 33.7% of sales, up 4.9%. This increase primarily reflects Sonarome’s contribution in India and “a strong interest in the natural products.”
Finally, Health & Beauty accounted for 2.6% of sales, up 9.4% over the year.
