A record-Breaking Performance
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A robust early-year performance, in line with 2010 * Revenue up very sharply * €92 million in operating margin, an all-time first-quarter high * A solid, healthy financial situation
* A solid end of the year, in line with previous quarters * Well-balanced international operations * A strong product dynamic
Following approval by Colombian competition authorities in early December, Groupe SEB confirms that it signed a contract on 17 December with the main shareholders of Colombia-based IMUSA to acquire a majority interest in the company.
On October 14, the Hôtel Majestic in Cannes played host to the first Cannes Corporate Media & TV Awards. On this occasion, Groupe SEB’s Corporate Film 2010 took 2nd prize for best corporate video in the Corporate Films and Videos category.
Business and Financial Review for the Nine Months Ended 30 September 2010
Sales and Margins Sharply Higher A very Good Third Quarter * Robust growth in revenue * Strong improvement in profitability * A still robust balance sheet
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.