2023 nine-month sales and financial data

Groupe SEB maintains its momentum for a return to historical profitability levels. Our third-quarter performance is fully in line with the rebound trend anticipated at the start of the year, and confirmed in the second quarter, both in terms of sales growth and improved profitability. Our Consumer business delivered solid organic growth in sales, on a par with that of the second quarter, driven by our innovation initiatives across all our regions.

The global small domestic equipment market continued its normalization to underpin this trajectory. Our Professional business posts very good results thanks to record sales in coffee. The Group enjoyed a number of commercial successes in 2023 with, in particular, the roll-out of major contracts, as well as a solid core business.

Hence, we confirm our Group objectives for the full year, respectively mid-single digit organic revenue growth and an increase in our Operating Result from Activity of at least 10%.

Stanislas de Gramont, Chief Executive Officer of Groupe SEB