Each brand has a well-defined identity, with a specific values which are reflected in the product offering, features and design, as well as in appropriate communication mechanics.
We remain convinced that our balanced business model, combining profitable growth and a resolutely responsible approach, creates value for all and plays a full part in our contribution to better living in households around the world.
05:40 pm (CET)
Provisional 2024 sales
2024 Sales and results - Press Release
06:00 pm (CET)
2024 Sales and results - Conference
Groupe SEB sales in the first quarter of 2021 amounted to €1,852m, up 27.4% as compared to the first quarter of 2020. This improvement includes like-for-like growth of 30.9% (+€449m), a currency effect of -5.6% (-€81m) and a scope effect of +2.1% (+€30m; related to StoreBound).
This excellent performance was driven by the Consumer business, up 39.1% LFL, resulting from a combination of several positive factors:
Conversely, the Professional business recorded a decline in turnover of 26.2% LFL versus a first-quarter 2020 that was less impacted by the COVID-19 crisis than the Consumer business. This marked decrease in sales is directly linked to the persistent difficulties in the hospitality and catering sector, which is still largely under lockdown at this stage.
* Like-for-like: at constant exchange rates and scope of consolidation
Groupe SEB achieved an excellent performance in the first quarter, with sales and operating result exceeding pre-pandemic levels. All our products and regions contributed to this upswing and we are particularly pleased with this momentum, which was driven by the efforts of all our teams that I want to thank today. In this still strong environment, we remain focus on our fundamentals: the health of our employees, the service to our customers and products innovation.
PRESS RELEASE
AUDIOCAST
PRESENTATION
SEE ALL NEWS