PROVISIONAL 2020 SALES | Organic sales growth in the fourth quarter and resilient business activity for the year

  • Annual sales: €6,940m, -5.6% as reported and -3.8% LFL*

  • Q4 sales: €2,228m, -0.5% as reported and +2.9% LFL*

Statement of Thierry de La Tour d’Artaise, Chairman and Chief Executive Officer of
Groupe SEB: 

“For all of us, 2020 will be remembered as the year of an unprecedented health crisis with major economic impacts.

This health crisis revealed two key trends: certain practices, such as home cooking, became more widespread, enabling us to demonstrate the relevance of our products ,and services and customers made ever-greater use of e-commerce, a trend we believe is here to stay.

Thanks to the agility and commitment of our teams, we delivered a good fourth-quarter performance, reflecting the Group’s resilience over the past year, despite difficulties encountered in the Professional business owing to the persistence of the pandemic.

The Group stayed the course and continued to pursue its active M&A strategy with the acquisitions of StoreBound and Angell, as well as stepped up existing efforts on key strategic projects.

Today, the market environment is uncertain, but we remain confident in our fundamentals, which will be key strengths as we navigate this trying period.”

* LFL: on a like-for-like basis (= organic)
 

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