Seb's large-scale Restructuring plan, targeting significant cost savings by 2027, leads to a sharp Target price revision and lower EPS, NAV and DCF assumptions, as well as a flatter dividend forecast, amid higher anticipated Debt and limited execution visibility.
Published on 11/04/2025
at 05:26 pm GMT - Modified on 11/04/2025
at 04:57 pm GMT
Alphavalue
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The world leader in Small Domestic Equipment, SEB S.A. is backed by 40 emblematic brands (Tefal, Seb, Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor, etc.). Net sales break down by family of products as follows:
- consumer products and equipment (88.2%): cookware (frying pans, saucepans, pressure cookers, utensils, etc.), small electrical appliances (electric cookware; deep fryers, rice cookers, pressure cookers, etc.), beverage preparation equipment (refrigerators, freezers, etc.), beverage preparation equipment (coffee makers, kettles, etc.), food preparation equipment (blenders, food processors, etc.), small non-cooking appliances (linen care equipment, hoovers, fans, etc.) and personal care equipment (hairdressing and depilatory appliances, etc.). Net sales by geographical region are split between Western Europe (34.7%), Europe/Middle East/Africa (16.5%), China (26.1%), Asia (6.6%), North America (11.2%) and South America (4.9%);
- professional cookware and equipment (11.8%): hot and cold drinks preparation equipment, professional cooking equipment, cookware and kitchen utensils, hotel equipment.
At the end of 2024, the group had 44 production sites worldwide.
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