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Sep 18 2026, 07:05 IST/BST
Robertet
H1-26 results: better-than-expected profitability; FY26 guidance narrowed
DAVY VIEW
Robertet has delivered a better-than-expected first half on profitability, with revenue largely pre-reported in July. Interim EBITDA decreased 6.6% year-on-year (yoy), reflecting ongoing investment in capacity, headcount and systems, but was 5.7% ahead of our forecast – driven by more favourable raw material costs. Management has narrowed its FY26 organic growth guidance to a range of 3-5% (previously: approximately 5%; Davy: +3.5%; VA Consensus: +4.5%) against 2.8% delivered in H1. On first look, we envisage limited changes to our forecasts.
