Confirmation of its strategy and identity as world leader in small household appliances
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Holding a 30% stake in Chinese company Supor since 31 August 2007, Groupe SEB is launching a partial tender offer for the company in accordance with the Strategic Investment Framework Agreement signed in August 2006 and Chinese securities laws. Supor is listed on the Shenzhen Stock Exchange.
Sustained strong Momentum Results in line with expectations
As a signatory of the Global Compact, Groupe SEB uses its new logo (hereafter) and is increasingly involved in the process: in addition to its "communication on progress", he starts to use the HRCA Quick Check (Human Rights Compliance Assessment) on its sites. This questionnaire allows assessing the compliance of Human Rights in each...
Very Satisfactory Sales and Solid results
On 27 June 2007, Colombian Council of Security awarded Groupe SEB Colombia the distinction "Cross of Emerald" (1st rank) for its program in Safety, Security and Environment. Its exemplary action in this field also allowed it to win the competition of the best preventive plan in front of occupational hazards (diseases and accidents)...
Following the commission meeting held by the CSRC (China Securities Regulatory Commission) on August 2nd 2007, Groupe SEB received the authorisation to complete the first two parts of its acquisition of holdings in SUPOR.
Groupe SEB’s business continued to improve in the first six months of 2007, in a generally expanding small domestic equipment market. At €1,231 million, sales were up 9.8% for the period at current exchange rates.
As a member of the Global Compact, Groupe SEB attended the “Leaders Summit” which took place on 5-6 July 2007 in Geneva. Co-chaired by the United Nations Secretary-General Ban Ki-moon, the summit gathered around 1,000 world leaders who discussed responsible corporate practices. Groupe SEB also submitted a “communication on...