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 2024 sales and financial data
02:00 pm (CET)
ESG INVESTOR DAY
Provisional 2024 sales
* 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.
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
More details on Nine-month 2022 Sales and Financial Data:
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