9-MONTH 2021 SALES AND FINANCIAL DATA

RECORD PERFORMANCES AT END-SEPTEMBER
2021 ASSUMPTIONS REVISED UPWARDS
 

  • Nine-month sales: €5,570m, +18.2% as reported and +18.8% LFL*
  • Third-quarter sales: €1,961m, +9.1% as reported and +6.4% LFL
  • Nine-month Operating Result from Activity (ORfA): €528m, +62.8% vs. 2020
  • Net debt: €1,951m, -€20m vs. 30/09/202

 

 Full-year 2021 assumptions revised upwards

  • Reported sales growth expected around 14% (vs. above 10% previously)
  • ORfA margin should be close to 10%, unchanged vs our communication of end-July, with headwinds (raw materials, components, freight and FX) now estimated at around €300m on the Operating Result from Activity (vs. “more than €250m” at end-July).
     

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jeddaH
Group

GROUPE SEB AND ALESAYI HOLDING FORGE STRATEGIC PARTNERSHIP TO STRENGTHEN PRESENCE IN SAUDI ARABIA

Groupe SEB announces the strengthening of its presence in Saudi Arabia with the acquisition of a 55% stake in its Saudi distributor – Alesayi Household Appliances Co. LLC – a subsidiary of Alesayi Holding Group that exclusively sells the Groupe SEB's Consumer products on a local basis since 2009. This partnership aims to unlock future growth opportunities in the Saudi market through the local expertise of Alesayi Holding.

finances
Finance

GROUPE SEB CONTINUES TO STRENGTHEN ITS FINANCIAL STRUCTURE WITH A €150M FINANCING OVER 12 YEARS

Groupe SEB is pleased to announce the success of a €150m, 12-year private placement, with
leading institutional investors.

The placement comes without financial covenants and is SEB's first with a maturity of more than
10 years, enabling it to extend the average maturity of its debt.

Close-up of Lacanche piano ignition button
Finance

FINALIZATION OF THE ACQUISITION OF SOFILAC

Further to the announcement made on February 21, Groupe SEB is pleased to announce the finalization of its acquisition of Sofilac, a French group specializing in the design, manufacture and marketing of high-end semi-professional and professional cooking equipment (in particular, with the Lacanche and Charvet brands).