Groupe SEB strengthens its position in Egypt

Groupe SEB is pleased to announce the signing with its long-standing partner in Egypt, the Zahran family, of an agreement on the merger of small electrical appliances and cookware businesses with a view to reinforcing its local manufacturing base in Egypt to serve the local and export markets.

Groupe SEB strengthens its position in Egypt

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NEWS
2024 rovisional Sales
Group

SOLID GROWTH OVER THE FULL YEAR GOOD SALES MOMENTUM CONFIRMED IN Q4

Full-year sales: €8,266M +5.0% LFL (+3.2% reported)
-Robust annual performance in line with expectations
-Steady organic growth in the Consumer segment
-Consolidation at high levels in the Professional business

Q4 sales: €2,541M +3.6% LFL (+2.7% reported)

Confirmation of an operating margin close to 10%: 2024 ORfA expected to increase by about 10%
Kuantom 1
Group

GROUPE SEB INVESTS IN KUANTOM, COCKTAIL MACHINE FOR PROFESSIONALS

Groupe SEB, through its investment vehicle SEB Alliance, announces its participation in a new round of financing for KUANTOM, creator of an innovative cocktail solution for professionals, alongside SOCADIF, a subsidiary of Crédit Agricole Ile-de-France.

Group

French Competition Authority Inquiry

Groupe SEB acknowledges the press release published by the French Competition Authority on December 19, 2024, with respect to an inquiry launched in October 2013, into France’s domestic appliance manufacturing and distribution sector.