Sales and Margins Sharply Higher A very Good Third Quarter * Robust growth in revenue * Strong improvement in profitability * A still robust balance sheet
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Review for the three months ended 31 March 2011.
Groupe SEB has taken the control of Vietnamese company Asia Fan, the leader on the domestic market for fans. Further to acquisition, it holds 65% of the capital while 30% of outstanding shares are still in the hands of the founding family and 5% are held by employees.
Following the approval of the Ministry of Commerce of the People’s Republic of China (MOFCOM) in July and the successful review carried out by the China Securities Regulatory Commission (CSRC), Groupe SEB has been authorised to raise its interest in Supor to 71.3% of the capital.
Business and financial review for the nine months ended 30 September 2011.
Continued solid growth, operating margin on track A good third quarter: Business generally remained brisk in the third quarter Operating margin improved The Group is financially solid
A good First-Half 2011 : Continued robust business growth, Solid operating performance, Confirmed strong balance sheet.
Groupe SEB today successfully launched its first issue of five-year euro-bonds in a total amount of €300 million. The bonds mature on 3 June 2016 and pay interest at an annual rate of 4.50%.
To prepare for coming changes in the small domestic equipment market and extend its innovation strategy to new technologies and expertise from outside the company, Groupe SEB has created an investment fund – SEB Alliance – with initial capital of €30 million. The fund will serve as a technology watch as well as an investment...