Robertet

Robertet reported strong activity in 2024, with revenue of €808 million (+12%) and organic growth of 10%, driven by all regions and by raw materials (+17%) and fragrances (+16%). Robertet benefited from a restocking effect after a low point in 2023, and good momentum in niche fragrance. The Flavor division grew by 5%, supported by the successful integration of Sonarome in India. Robertet will publish its full annual results on 14 April.

Peugeot Invest invested €125 million in November 2024 to acquire 7.1% of the capital, of which 4.9% was in ordinary shares and 2.2% in investment certificates (IC). At 31 December 2024, Peugeot Invest (via Peugeot Invest’s wholly owned subsidiary Peugeot Invest Assets) held 7.1% of the group’s capital and 3.8% of the voting rights.

The value of the shareholding in the net asset value and the consolidated financial statements is based on the share price at 31 December 2024 for ordinary shares, and by applying a discount on ICs relative to ordinary shares.

Peugeot Invest will join Robertet’s Board of Directors as an independent member at the General Meeting to be held in 2025, with the support of Maubert SA. Peugeot Invest, FSP and Maubert SA have entered into a shareholder agreement constituting a concerted action with respect to Robertet. The agreement came into effect in February 2025 and grants the Fonds Stratégique de Participations and Peugeot Invest the option of reconstituting ordinary shares from their investment certificates as of May 2030.