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First-quarter 2025 sales and financial data

  • Sales: €1,906m, -0.6% LFL  and +0.7% on a reported basis
     
  • Continued good dynamic in Consumer in all major regions of the Group, and return to growth in China (+3.5% LFL)
     
  • Solid activity in Professional, but annual variation still impacted by the very high performance of large deals in Q1 2024: improvement expected from Q2 2025
     
  • Confirmation of our growth scenario for 2025, in the absence of significant deterioration in the macroeconomic environment:

    o    Full-year organic sales growth, expected to be around 5%
    o    Increase in Operating Result from Activity (ORFA), as reported 
     

 LFL: at constant exchange rates and consolidation scope (organic)

Stanislas de Gramont, Chief Executive Officer of Groupe SEB

Our first-quarter achievements are in line with our 2025 growth scenario. Market conditions are generally favorable and our momentum in the Consumer business continues, underpinned by successful innovations and a noteworthy return to growth in Asia, particularly in China. As anticipated, the Professional business remains affected by an unfavorable comparison base.

The Operating Result from Activity for Q1 2025 amounts to €50 million. Its annual evolution reflects, as expected, the lower contribution from the Professional business this quarter compared to a very high Q1 2024, and negative one-off effects from highly volatile currencies. Additionally, as usual, we remind that the first quarter result is not representative of annual performance.

These results were of course achieved in an uncertain environment, and we are fully committed to responding to economic volatility, particularly with regard to tariffs. The Group relies on an industrial and commercial footprint that is both global and diversified, long-standing partnerships with its distributors and the potential of its innovations in multiple geographies. We remain confident in our ambition to deliver another year of results growth, supported by an organic sales growth of around 5%.”

Stanislas de Gramont, Chief Executive Officer of Groupe SEB