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2023 nine-month sales and financial data

Confirmed rebound in business in the third quarter
full-year outlook reiterated


  • Nine-month sales: €5,532m, +3.9% LFL and -0.5% reported
           Third-quarter sales: €1,920m, +8.9% LFL and +1.4% reported
  • Nine-month Operating Result from Activity (ORFA): €389m vs €319m in 2022 (+22%)
            o Third-quarter ORFA: €209m vs. €120m in 2022 (+74%)
  • Nine-month ORFA margin: 7% vs. 5.7% in 2022
            o Third-quarter ORFA margin: 10.9% vs. 6.3% in 2022
  • Net debt: €2,278m, down €303m versus 09/30/2022
  • 2023 outlook confirmed:
            o Mid-single digit LFL revenue growth
            o At least 10% growth in ORFA

LFL = organic: on a like-for-like basis

Stanislas de Gramont, Chief Executive Officer of Groupe SEB

Groupe SEB maintains its momentum for a return to historical profitability levels. Our third-quarter performance is fully in line with the rebound trend anticipated at the start of the year, and confirmed in the second quarter, both in terms of sales growth and improved profitability. Our Consumer business delivered solid organic growth in sales, on a par with that of the second quarter, driven by our innovation initiatives across all our regions.

The global small domestic equipment market continued its normalization to underpin this trajectory. Our Professional business posts very good results thanks to record sales in coffee. The Group enjoyed a number of commercial successes in 2023 with, in particular, the roll-out of major contracts, as well as a solid core business.

Hence, we confirm our Group objectives for the full year, respectively mid-single digit organic revenue growth and an increase in our Operating Result from Activity of at least 10%.

Stanislas de Gramont, Chief Executive Officer of Groupe SEB