A satisfactory sales performance after two record years Business varies from one region to another Fourth-quarter performance much better than the third
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SEB Alliance, Groupe SEB’s investment company, has invested, alongside the Emertec fund and NEC-K, in Ethera, a Grenoble-based start-up that is developing innovative solutions to measure and eliminate indoor air pollutants. The three partners have invested a combined total of €3 million.
Business and Financial Review for the Nine Months Ended 30 September 2012.
Following a first successful transaction in 2008, Groupe SEB has also successfully placed its second Schuldschein (Private Placement regulated by German right). which has been arranged and conducted by Commerzbank and HSBC.
On July 25 , 2012, Groupe SEB announced the principle to carry out an employee share offering. This press release aims at specifying certain characteristics of the capital increase reserved for employees of the Group.
Deteriorated Third-Quarter Business Environment Adversely Affects Sales and Profits Sharp fall in sales in September Operating result from activity lower Healthy financial structure and strengthened debt profile
Revenue up 8.6% to €3,965 million Like-for-like growth of 6.9% (at constant scope of consolidation and exchange rates) In the end, business remained firm in the fourth quarter, rising 4.7% like-for-like In 2011, the economic climate became gradually more difficult during the year. In the second half, most...
On 16 December 2011, Groupe SEB acquired a majority interest in Maharaja Whiteline, a leading producer of small electrical appliances in India. The transaction gives SEB a 55% interest in the company, with the remaining shares held by its founder Harish Kumar and his family. Harish Kumar will continue to serve as Chairman and Chief Executive...