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...
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Sustained strong Momentum Results in line with expectations
Very Satisfactory Sales and Solid results
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.
As part of the revitalisation agreement signed in July 2006 with the authorities, Groupe SEB has just reached an agreement with the Ossabois Group for the re-industrialisation of its site located in Le Syndicat, in the region of Vosges (France).
Confirmation of its strategy and identity as world leader in small household appliances
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.