Robertet is one of my core holdings which I have owned for a while and which I will be holding for the very long term.
Sales increased by 4,5% on a published basis, by 8% on a constant currency basis (the joy of the forex impact) and by 7,6% on an organic growth basis (not a lot of M&A this year).
It was quite impressive to see that there were more than 50 investors present at the annual results presentation. The improved coverage must have something to do with it.
The published EBITDA margin was at 20,6% which was quite impressive. We will see how they got this level of margin.