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Apr 10 2026, 07:17 IST/BST
Robertet
FY25 beat delivered, momentum carries into FY26
DAVY VIEW
Robertet has delivered a strong FY25 with headline revenue numbers largely pre-reported in February. Its full-year EBITDA increased 10.9% year-on-year (yoy), resulting in a 5.2% beat to our forecasts, driven by one-off benefits in H2 and lower raw material procurement costs. Momentum has carried into FY26 with Q1-26 organic sales growth of 4.9%. Management guides to c.5% organic growth in FY26, assuming no persistent macro deterioration. On first look, we envisage a modest constant currency upgrade to our FY26 forecasts.
