First-quarter 2024 sales and financial data

2024 started as we expected, with robust organic sales growth, once more surpassing 5% in this first quarter.

The Small Domestic Equipment market again showed resilience since the beginning of the year, with our Consumer business continuing to outperform the market. This trend is supported by the roll-out of product innovations in multiple categories, driving our momentum in a growing number of countries.

Over the same period, our Professional business turned in another excellent performance, notably propelled by the delivery of several large contracts. Factoring in these solid first-quarter sales and a significantly improved operating margin, we reiterate our outlook for 2024, particularly to achieve an operating margin close to 10%.

Déclaration de Stanislas de Gramont, Directeur Général du Groupe SEB