Return to organic growth in the third quarter and improved ORfA

• Nine-month sales: €4,712m, -7.9% as reported and -6.7% LFL*
• Third-quarter sales: €1,797m, +1.1% as reported and +4.4% LFL*, including +9.9% on Consumer business
• Operating Result from Activity (ORfA): €324m, -20.4% as reported and -6.5% LFL*
• Net financial debt: €1,971m, -€488m vs 30/09/2019

Expected performance for full-year 2020

• Sales down between 5% and 6% LFL, with negative currency impacts in the range of €200m/€250m 
• ORfA could fall by 25-30% including a negative currency impact slightly above €100m 

Statement of Thierry de La Tour d’Artaise, Chairman and Chief Executive Officer of Groupe SEB:

“The health and economic situation that we are currently facing is unprecedented, but the small domestic equipment industry once again demonstrates its resilience. We have succeeded in limiting the impact of the crisis on our performances thanks to the responsiveness of our teams and a solid financial structure. We have been posting a positive turnaround in the Consumer business. Conversely, Professional business remains complicated, owing to the difficulties experienced by the hotel, restaurant and café sector.
We are confident about the future, our fundamentals are solid, our capacity for innovation is constantly renewed and our teams are agile.”
 

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