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
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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.
A record-Breaking Performance
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.
Sales and Margins Sharply Higher A very Good Third Quarter * Robust growth in revenue * Strong improvement in profitability * A still robust balance sheet
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.
* A solid end of the year, in line with previous quarters * Well-balanced international operations * A strong product dynamic
Groupe SEB today successfully launched its first issue of five-year euro-bonds in a total amount of €300 million. The bonds mature on 3 June 2016 and pay interest at an annual rate of 4.50%.
To prepare for coming changes in the small domestic equipment market and extend its innovation strategy to new technologies and expertise from outside the company, Groupe SEB has created an investment fund – SEB Alliance – with initial capital of €30 million. The fund will serve as a technology watch as well as an investment...