Another excellent start to the year Groupe SEB enjoyed robust growth in the first three months of 2008, with revenue gaining 18.2% as reported and 21.2% at constant exchange rates. Revenue for the period was lifted by the €78 million first-time contribution from Supor, the Chinese company that has been fully consolidated since 1...
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A fast start to the year
Groupe SEB’s business continued to improve in the first six months of 2007, in a generally expanding small domestic equipment market. At €1,231 million, sales were up 9.8% for the period at current exchange rates.
Following the commission meeting held by the CSRC (China Securities Regulatory Commission) on August 2nd 2007, Groupe SEB received the authorisation to complete the first two parts of its acquisition of holdings in SUPOR.
Very Satisfactory Sales and Solid results
French version only. English one coming soon.
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...