Satisfactory performance in a challenging environment Stable first-half sales on a like-for-like basis Operating performance in line with expectations Strong cash generation
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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 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...
François-Xavier MEYER joins Groupe SEB as an Investment Director of SEB Alliance. He will report to Bertrand NEUSCHWANDER, Senior Executive Vice-President of Groupe SEB in charge of Business Units and President of SEB Alliance.
A record-Breaking Performance
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
Review for the three months ended 31 March 2011.
The founding shareholders of the Chinese company Supor have expressed their desire to sell a 20% stake of the outstanding shares. Holding already 51.3% of the capital, Groupe SEB has declared to be willing to purchase this complementary stake of the capital.