Business and Financial Review for the Nine Months Ended 30 September 2010
You are here
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.
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.
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%.
Business and financial review for the nine months ended 30 September 2011.
Continued solid growth, operating margin on track A good third quarter: Business generally remained brisk in the third quarter Operating margin improved The Group is financially solid
Sales Hold Firm in a Challenging Environment
Satisfactory Operating Performance and Pursuit of the Long-Term Strategy
Following the approval of the Ministry of Commerce of the People’s Republic of China (MOFCOM) in July and the successful review carried out by the China Securities Regulatory Commission (CSRC), Groupe SEB has been authorised to raise its interest in Supor to 71.3% of the capital.