Each brand has a well-defined identity, with a specific values which are reflected in the product offering, features and design, as well as in appropriate communication mechanics.
We remain convinced that our balanced business model, combining profitable growth and a resolutely responsible approach, creates value for all and plays a full part in our contribution to better living in households around the world.
05:40 pm (CET)
1st quarter 2024 sales and financial data
02:30 pm (CET)
General Meeting
2024 Half-year sales and results
This investment in a family-owned company that embodies the French industrial know-how is fully in line with the Lac1 fund's investment strategy: to support French listed world leaders that offer strong value creation potential while addressing today's environmental and societal challenges. With this investment, Lac1 asserts its commitment to the Group's strategy.
Groupe SEB is the leading global player in small domestic appliances with solid market positions in kitchen appliances. This family-owned company with over 150 years of history has become a French champion with a worldwide presence in more than 150 countries, thanks to a global and competitive industrial tool, a broad portfolio of 31 local and international brands offering more than 30,000 products, and strong innovation capabilities based on a thorough knowledge of consumers. In 2021, the group achieved a turnover of 8.1 billion euros and employs more than 33,000 people.
Convinced by the growth prospects of Groupe SEB, Lac1 fund seeks to make a long-term commitment to the company. The group's underlying markets benefit from solid growth trends, driven by the middle classes in emerging countries and a structural upgrade move from consumers in more mature countries, from which the company is taking advantage thanks to its leading positions (particularly in Europe, and in China via its subsidiary Supor) and its recognized expertise in innovation, industrial performance and multi-channel distribution. In addition, the Group has the capacity to pursue a selective and value-creating consolidation strategy, as demonstrated throughout its history. Lastly, the Group has undertaken an ambitious CSR roadmap, notably regarding product reparability and recyclability, which represent key challenges in the consumer goods’ sector.
Groupe SEB's Board of Directors decided to propose the appointment of Bpifrance, representing Lac1, as a board member of the Group. This nomination will be submitted to the next Groupe SEB Shareholders' Meeting on May 19, 2022. Acting on a proposal from the Governance and Remuneration Committee, the Board of Directors of Groupe SEB has selected Anne Guérin, Executive Director of Bpifrance in charge of the financing activities and of the regional network, to sit on the Board as the permanent representative of Bpifrance.
We are thrilled that the Lac1 fund has taken a significant stake in Groupe SEB. We see this long-term commitment as a sign of trust in the Group's strong growth potential. Bpifrance's involvement in the Group's governance will be an important asset to pursue our growth and value creation strategy. We look forward to welcoming Ms. Anne Guérin to the Board of Directors.
Thierry de La Tour d’Artaise, Chairman and CEO of Groupe SEB
We are very pleased with the entry of the Lac1 fund into the capital of Groupe SEB. This family-owned and historic French group has demonstrated the resilience of its business model by achieving solid growth for many years. Its emblematic brands and robust industrial facilities contribute to the promotion of French know-how throughout the world and establish the Group as a major player in our industry. In its sector, the group also stands out as a pioneer of the circular economy, by focusing on products' repairability and recyclability.
Nicolas Dufourcq, CEO of Bpifrance
Press release
See all news