Davy starts Robertet at 'neutral' citing few catalysts, growth risks

Robertet SA

16/12/2025 09:20

** Davy Research starts coverage of French fragrance and flavour maker Robertet ROBF.PA with "neutral" rating, citing limited near-term catalysts and revenue growth risks

** The brokerage notes Robertet trades at a premium to peers, partly justified by its superior returns, but adopts a "prudent stance" due to a cautious outlook

** "With limited near-term catalysts, allied with recent more cautious trading commentary and associated revenue growth risks into 2026, we adopt a prudent stance," the broker says in a note

** Davy models 4% average organic sales growth for 2025-2030, with EBITDA margins seen rising toward 21% by FY30 from a lower base than peers

** Davy views the company's focus on natural ingredients and vertically integrated sourcing as a key strength, underpinning a credible long-term value creation plan

** Out of 7 analysts that cover Robertet, five rate the stock "strong buy" or "buy"​ and two rate it "hold" - LSEG data

 (Reporting by Clement Martinot)

 ((Clement.Martinot@thomsonreuters.com;))