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.
02:30 pm (CET)
General Meeting
05:40 pm (CET)
2024 Half-year sales and results
9-month 2024 sales and financial data
Groupe SEB posted a strong performance in 2023, in a challenging economic context. As expected, our Consumer business found renewed momentum and the Group reaffirmed its global leadership, on the back of an intensive and efficiently executed product innovation strategy. In the Professional segment, we continued to make gains and reinforced our position as global leader on coffee machines. Parallel to this, we expanded our reach through targeted acquisitions, furthering our ambition to become a leading player in the Professional Equipment market. Thanks to a robust sales dynamic, a steadily improving gross margin and disciplined cost control, the Group surpassed its initial target for operating result growth. At the end of 2023, our balance sheet and financial structure are reinforced. The contemplated acquisition of Sofilac with its flagship brands Charvet and Lacanche confirms the Group's ambition to develop in the professional and semi-professional culinary markets. We remain committed to our medium-term ambition to deliver a LFL sales CAGR of at least 5% and an operating margin progressing toward 11%. For 2024, we reaffirm our guidance to achieve an operating margin close to 10%. I want to thank all our employees for their commitment and contribution to these outstanding achievements."
PRESS RELEASE
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RESULTS PRESENTATION
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