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

2024 PROVISIONAL SALES: 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%

 


 

The activity was solid throughout the year, with good momentum confirmed in the last quarter. This translated into robust organic growth of 5.0% in 2024, fully in line with our expectations. Sales thus exceeded the record set in 2021.

Thanks to the successes of our innovations, the Consumer division returned to its growth standards, driven in particular by a marked recovery in Western Europe and North America. 2024 was a year of consolidation in the Professional business, after an exceptional 2023 due to the size of large deals. Sales remain at a historically high level in Professional Coffee, with a still buoyant core business. This performance allows us to confirm an operating margin of close to 10%, leading to an increase in the Operating Result from Activity of around 10% over the year. These results illustrate the robustness of our model. The Group continues to strengthen with targeted strategic acquisitions in the Consumer and Professional businesses.

Stanislas de Gramont, Chief Executive Officer of Groupe SEB

 

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