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)
9-month 2023 sales and financial data
Provisional 2023 sales
07:00 am (CET)
2023 Sales and results
* LFL = organic: on a like-for-like basis
2023 started with a quarter that met our expectations. The contraction in Consumer sales – notably in Europe and the United States – follows an all-time high first-quarter 2022 performance but represents a sequential improvement in business, having reached a low in the third quarter of 2022. The temporary slowdown in business in China during the first quarter was also expected. However, with respect to China, we anticipate to achieve positive growth in turnover over the next three quarters. We are particularly pleased with the robust growth in the Professional business across all its markets. Strengthened by the acquisition of La San Marco in February, this segment is an important driver of the Group's future growth. We continue to invest in both innovation and our brands and remain confident in the ongoing improvement in our Consumer sales. Thanks to this outlook, combined with a vigorous growth in our Professional business, we reiterate all of our annual targets.
2023 started with a quarter that met our expectations. The contraction in Consumer sales – notably in Europe and the United States – follows an all-time high first-quarter 2022 performance but represents a sequential improvement in business, having reached a low in the third quarter of 2022. The temporary slowdown in business in China during the first quarter was also expected. However, with respect to China, we anticipate to achieve positive growth in turnover over the next three quarters.
We are particularly pleased with the robust growth in the Professional business across all its markets. Strengthened by the acquisition of La San Marco in February, this segment is an important driver of the Group's future growth.
We continue to invest in both innovation and our brands and remain confident in the ongoing improvement in our Consumer sales. Thanks to this outlook, combined with a vigorous growth in our Professional business, we reiterate all of our annual targets.
Stanislas de Gramont, Chief Executive Officer of Groupe SEB
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