First Quarter 2011 Financials from Robertet

First Quarter 2011 Financials from Robertet

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Robertet (Grasse, France) posted its first quarter 2011 financial results, noting a rise in its commodities, fragrance and flavor divisions. In total, the company increased its position from €84.6 million in 2010 to €94.4 million in 2011.

In commodities, Robertet increased from €19.8 million in 2010 to €22.3 million in 2011; in fragrances, the increase was from €30.4 million in 2010 to €34.4 million in 2011; and in flavors, the increase was €33.9 million in 2010 to €37.1 million in 2011.

Robertet noted, “The turnover of the first quarter of 2011 remains strong, up 11.6%, without significant currency effect, since at constant rate, the increase would be 10.20%. [It] is in Europe that progression is the most sensitive, mainly at [the company’s] two industrial sites, [comprised of] Robertet Charabot and Grasse. The three divisions of the group are increasing, from about 13% for raw materials, and the fragrances division on the order of 9%. The flavor division is somewhat behind."