SEB SA

SK

Equity

ISIN FR0000121709 / Valor 508895

Euronext - Euronext Paris (2024-09-17)

EUR 93.65+0.70%

SEB SA
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About company

Groupe SEB SA is a leading global manufacturer and distributor of small household appliances and cookware. The company's industrial policy is centered on serving markets effectively through a commitment to long-term competitiveness and high-quality standards. Groupe SEB operates a distinctive in-house manufacturing base, setting it apart within its industry. This approach allows the company to blend its global industrial capabilities with a close understanding of local consumer needs, ensuring a wide range of products that cater to various markets around the world. While the company's specific product lines are not detailed in the source, Groupe SEB is known for its diverse portfolio, including kitchen appliances, home and personal care products, and a variety of cookware, under numerous popular brand names.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

SEB SA reported revenue of €3,740.2 million for the first half of 2024, reflecting an increase from €3,611.9 million in the same period of 2023. This growth was driven by strong performance in both the Consumer and Professional segments, supported by innovative product launches and strategic market expansions.

Operating Result from Activity (ORfA)

In the first half of 2024, SEB SA's Operating Result from Activity (ORfA) stood at €244 million, marking a rise of more than 35% from 2023. The operating margin improved to 6.5% of sales, up from 5% the previous year, due to positive volume and mix effects, cost reductions, and increased investment in growth drivers.

Net Profit

SEB SA's net profit attributable to owners of the parent for the first half of 2024 was €100.1 million, up from €76 million in the same period of 2023. This increase was achieved despite higher net financial expenses and tax charges, reflecting the company's strong operational performance and effective cost management.

Financial Structure

As of 30 June 2024, SEB SA's consolidated equity was €3,328 million, down €133 million from the end of 2023 but up €174 million from 30 June 2023. The Group's net financial debt increased to €2,422 million, primarily due to negative free cash flow and non-recurring disbursements related to acquisitions and strategic partnerships.

Outlook

SEB SA anticipates organic sales growth of around 5% for the full year 2024. Despite a challenging macroeconomic and geopolitical environment, the company remains confident in achieving an operating margin close to 10% for the year, supported by balanced growth across its Consumer and Professional businesses and continued operational improvements.

Summarized from source with an LLMView Source

Key figures

1.13%1Y

-26.8%3Y

-28.2%5Y

Performance

26.9%1Y

29.3%3Y

29.9%5Y

Volatility