Sustained strong Momentum Results in line with expectations
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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.
Groupe SEB announces that its chairman and Chief Executive Officer, Thierry de La Tour d’Artaise, is today to attend a ceremony at the French Senate (Paris) to receive the "Family Company Grand Prix" from the ASMEP, the Association des Moyennes Entreprises Patrimoniales [Association of Medium-sized Family Companies], chaired by...
Last 21 November, Groupe SEB launched a partial public tender offer to purchase up to 49,122,948 shares of SUPOR, a leading Chinese company of the Small Domestic Equipment in which the Group already owned a 30% stake since 31 August 2007. The offer was valid for 30 calendar days and therefore expired yesterday.
As part of the revitalisation agreement signed in July 2006 with the authorities, Groupe SEB has just reached an agreement with the Ossabois Group for the re-industrialisation of its site located in Le Syndicat, in the region of Vosges (France).
08/11/2011Financial review for the nine months ended 30 September 2007 Further information
Holding a 30% stake in Chinese company Supor since 31 August 2007, Groupe SEB is launching a partial tender offer for the company in accordance with the Strategic Investment Framework Agreement signed in August 2006 and Chinese securities laws. Supor is listed on the Shenzhen Stock Exchange.