Groupe SEB Reports Sales Results for the Fourth Quarter and Full Year of 2018; Provides Earnings Guidance for the Full Year of Fiscal 2018
January 23, 2019 at 05:48 pm
Share
Groupe SEB reported sales results for the fourth quarter and full year of 2018. In the fourth quarter, the company reported sales amounted to €2,184 million, up 7.8%, including organic growth at 8.4% and a currency effect at negative 1.6% (mainly due to the Brazilian real, Turkish lira, Russian ruble and Chinese yuan) compared to €2,026 million a year ago.
The Group's full-year sales amounted to €6,812 million, up 5.1%, with organic growth of 7.8% (€505 million) and a currency effect of negative 3.2% (loss of €211 million, resulting primarily from the Chinese yuan, Brazilian real, Turkish lira, Russian ruble and USD) compared to €6,485 million a year ago.
The company provided earnings guidance for the full year of fiscal 2018. The solid sales momentum in 2018 and less unfavorable currencies' effects than expected allow the company to generally confirm the Group's Operating Result from Activity (ORfA) growth guidance of around 3% versus 2017, in spite of tougher market conditions than forecast.
The world leader in Small Household Equipment, SEB S.A. relies on 35 flagship brands (Tefal, Seb, Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor, etc.) and a broad product portfolio:
- cookware: frying pans, saucepans, pressure cookers, utensils, etc.;
- small culinary appliances: items for electric cooking (deep fryers, rice cookers, pressure cookers, etc.), beverage preparation (coffee makers, kettles, etc.) or food preparation (blenders, food processors, etc.);
- small non-culinary household appliances: linen care equipment (irons, steam generators, steamers, steamers, etc.), vacuum cleaners, fans, and personal care equipment (hairdressing and depilation appliances, etc.).
At the end of 2023, the group operated 41 manufacturing sites worldwide.
Net sales are distributed geographically as follows: Western Europe (34.1%), Europe/Middle East/Africa (15.2%), China (27.9%), Asia (7%), North America (10.9%) and South America (4.9%).
SEB S.A. 
