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  • Sales: €1,915m, +3.4% vs record-high 1st quarter 2021 (+31%LFL*)
  • Organic growth of +0.4% including effects for ca. -4 points stemming from Russia-Ukraine and from variations of Loyalty Programs
  • Operating Result from Activity ( ORFA): €140m, €172m LFL* (€198m in Q1 2021 2021)
  • Net debt: €1,850m, +€385m vs 03/31/2021
  • Ambition for 2022 maintained: growth in sales and increase in Operating Result from Activity

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

Portrait of Thierry de La Tour d'Artaise, CEO Groupe SEB


We have started 2022 with a solid first quarter against high comparatives and in a more uncertain environment, with the conflict in Ukraine and recent COVID restrictions in China. These results reflect the strength of our model and the Group continued to outperform the market and reinforce its positions. The Consumer business is trending positively, with revenue on the rise in most countries. The Professional business posted a nice double-digit growth in the first quarter, confirming its gradual recovery and the resumption of several major contracts.


While remaining highly vigilant as to the global geopolitical and sanitary situation, we continue to invest in innovation and our brands to sustain growth and maintain a favorable price mix. Our ambition for 2022 - growth in sales and increase in Operating Result from Activity- remains unchanged.


T. de La Tour d’Artaise, Président-Directeur Général du Groupe SEB