Very Satisfactory Sales and Solid results
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Groupe SEB today was authorised by the Chinese Ministry of Commerce (MOFCOM) to acquire a majority interest in SUPOR, a Chinese cookware manufacturer.
A YEAR OF ROBUST GROWTH, LED ONCE AGAIN BY INTERNATIONAL SALES AND SUPPORTED BY AN UPSWING IN EUROPE
“2006 was a positive year for Groupe SEB. First, we met our objectives of sustained organic growth in revenue and improvement in operating margin excluding acquisitions. At the same time, we pursued our acquisitions strategy with one operation completed in the United States and the signature of a major project in China, which is still...
Paris Stock Exchange 2;30 p.m. 4 May 2007
Sustained strong Momentum Results in line with expectations
Strong sales growth Groupe SEB ended a very good year with fourth-quarter sales firmly up and full-year sales of €2.869 million, up 8.2%. This robust growth was achieved in a generally favourable market environment, in terms of both volumes and prices, buoyed by sustained demand.
“2007 was an excellent year for Groupe SEB. We met or exceeded our objectives and laid new strategic foundations for our future growth. In terms of performance, all of our business and financial indicators are trending favourably, with strong growth in sales, steadily improving margins and a solid balance sheet.