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Nine-month 2022 Sales and Financial Data

After a record year in 2021, Groupe SEB delivers a resilient performance in 2022 impacted by a return to more normal consumer behaviour and by the war in Ukraine


  • Group performance driven by China and Professional, deteriorated by France/Germany (high comps) and Russia/Ukraine (impact of the war)
  • Nine-month sales: €5,560m; -0.2%, -4.3% LFL*
    • Third-quarter sales: €1,894m; -3.4%, -8.1% LFL*
  • Nine-month Operating Result from Activity (ORFA): €319m vs €528m in 2021
    • Third-quarter ORFA: €120m vs €208m in 2021
  • Net financial debt as of 30/09/2022: €2,581m, +€630m vs 30/09/2021
  • Full-year 2022 guidance revised:
    • Revenue of around €7.9 billion;
    • ORFA margin in the range of 7.0% to 7.5%.
  • Consolidation project for our activities in Germany

* LFL: Like-for-like: at constant exchange rates and scope of consolidation

After a year in 2021 that brought our performance to record levels driven by the consumption of Small Domestic Equipment during the Covid pandemic, the Group is holding up well over the first 9 months of 2022 in an unfavorable inflationary environment.

Our professional activities continue to grow by double digits in most geographies. Our sales are progressing in China where Supor has consolidated its leadership positions in its main categories. However, our Consumer business was penalized in France and Germany by specific issues to these two markets, as well as by the effects of the war in Ukraine. This leads us to revise downwards our sales and margin guidance for 2022 whilst intensifying the cost reduction program implemented in the third quarter.


The Group's 2022 performance is strongly impacted by a major combination of negative elements reaching up to €300m (inflation, currencies, other headwinds) and compares to a record-high 2021. The Group remains convinced of the structurally buoyant nature of its Consumer and Professional markets.


The Group has always been able to adapt to crises, whether geopolitical, health-related or monetary, thanks to the strength and complementarity of its brands, the Consumer-Professional combination and the balance between mature and emerging markets. We are confident in the solidity of our business model.

Stanislas de Gramont, Chief Executive Officer of Groupe SEB

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