STRONG RESILIENCE AND SOLIDITY OF THE GROUP
IN THE FACE OF THE CRISIS

Statement by T. de La Tour d’Artaise, Chairman and CEO of Groupe SEB:

“The Group successfully adapted to the global pandemic by leaning on its committed teams, to whom I would like to present my warmest thanks. In the current difficult context, our very satisfying results demonstrate the resilience of our model.

This year more than ever has shown consumers’ enthusiasm for home cooking. Faithful to its corporate mission, the Group brings consumers durable, high-quality and repairable products meeting all their needs, while developing at the same time its range of services and contents. Our strength also lies in our multi-channel distribution model, combining physical retail sales, e-commerce, and social media.

With restrictions still in place, our Consumer business remains sustained at the start of this year and we anticipate our Professional business to gradually return to normal, potentially as of the second half of the year. As such, we are confident in the fact that the Group should return to organic sales growth and higher Operating Result from Activity in 2021.”

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