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Robertet Earnings Release 2021

Feb 23, 2022

1630_iss_2022-02-23_b63d71db-b0fd-4ff2-88e1-f37e9b3a79fc.pdf

Earnings Release

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Robertet SA 37 Avenue Sidi Brahim 06130 Grasse – France Société anonyme au capital de 5 775 987 € Rcs Grasse B 415 750 660

2021 : A VERY GOOD YEAR

2021 2020 Change Change at
constant rate
First half-year
Second half
297 629
308 456
280 208
258 110
6.2%
19.5%
10.6%
19.3%
year
TOTAL 606 085 538 318 12.6% 14.8%

Sales revenue (int housands of euros)

The Board of Directors of Robertet met on 22 February 2022 under the chairmanship of Mr Philippe Maubert.

It examined the Group's activity and its first results, unaudited for 2021.

The results are significantly above expectations.

The three main operating divisions are performing well. Raw Materials grew by 11.8%, Fragrances by 15.8% and Food Flavors by 8%.

The Health and Beauty activity grew strongly by 30%, in line with its development plan.

The various expenses were very well controlled, but an increase in raw material consumption is expected in 2022.

Robertet Grasse, with its very significant growth, has largely increased its financial results.

The Group's unaudited consolidated profit for 2021 is estimated at around 70 million euros, compared with 50.6 million euros for 2020, representing an increase of almost 40%.

The final results will be published after the closing of the financial statements on April 20, 2022.