Tag Archives: Groupe SEB

Groupe SEB sales decreased in the first nine months 2022

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Groupe SEB sales decreased in the first nine months 2022

Group SEB reported its financial results for the first nine months of the year, during which sales reached 5,560 million euro, recording a fall of 0.2% (-4.3% like-for-like). «After a year in 2021 that brought our performance to record levels driven by the consumption of Small Domestic Equipment during the Covid pandemic, the Group is holding up well over the first 9 months of 2022 in an unfavorable inflationary environment» – commented Stanislas de Gramont, chief executive officer of Groupe SEB.

«Our professional activities – the CEO added – continue to grow by double digits in most geographies. Our sales are progressing in China where Supor has consolidated its leadership positions in its main categories. However, our Consumer business was penalized in France and Germany by specific issues to these two markets, as well as by the effects of the war in Ukraine. This leads us to revise downwards our sales and margin guidance for 2022 whilst intensifying the cost reduction program implemented in the third quarter

GROUPE SEB INVESTS IN ITEN, FRENCH SPECIALIST IN MICRO-BATTERIES

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Through its investment company –SEB Alliance– Groupe SEB announces its participation in the new fund-raising round of ITEN, France’s leading specialist in ceramic Li-ion technology, alongside Bpifrance.

Passionate about innovation and convinced that new technologies can improve the daily lives of our consumers, SEB Alliance supports ITEN in this phase of industrialization of its products. Currently operating a pilot site in Dardilly (69), ITEN will set up two plants between 2024 and 2026.

Groupe SEB releases its 2022 Half-year Sales and Results.

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First-half sales: €3,666m; +1.6%, -2.3% LFL*
Second quarter sales: €1,750m; -0.4%, -5.1% LFL*
First-half Operating Result from Activity (ORFA): €199m, -€121m vs 2021
Second quarter ORFA: €59m; -€63m vs 2021
Profit attributable to owners of the parent: €72m, -€79m vs 2021
Net financial debt at June 30, 2022: €2,447m, up €597m vs June 30, 2021 (inventory building to address supply chain tensions)
Full-year assumptions revised:
Overall stable 2022 sales vs 2021
Operating margin from activity in the range of 8% to 8.5%
* LFL: like-for-like (at constant exchange rates and scope) – Changes vs 2021.
2022 started in a favorable environment, which deteriorated in the second quarter, with the war ongoing in Ukraine, currency volatility and the acceleration in inflation.
Sales were resilient, driven by an excellent performance in China and by the solid momentum in the Professional business. As in 2021, the Group absorbs the impact of headwinds while the operating profitability is temporarily hit by the combined effect of the slowdown in second-quarter business in Europe and the continuation of investments already undertaken.
We keep on fueling our growth pillars: China, where we will exceed €2bn revenue this year, with great development prospects ahead; the Professional activity which is paving the way for new buoyant and profitable markets; innovation and digitization, which represent fundamentals in our businesses.
We do not expect any significant improvement in the economic situation before year-end in mature countries. This leads us to target for the full year overall stable sales and an operating margin in the range of 8% to 8.5%.
I know I can count on the commitment and agility of our teams throughout the world to pursue our strategy of profitable growth.
Stanislas DE GRAMONT, Chief Executive Officer of Groupe SEB

Groupe SEB buy Zummo

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Groupe SEB gains a foothold in the professional juice extraction world with the acquisition of Zummo, the world leader in automatic fruit juice extractors, joins Groupe SEB’s portfolio of professional brands. The acquisition of this world-renowned Spanish company, founded in 1992, will enable the Group to meet its strong development ambitions in this segment.
In 2021, the professional business accounted for 8% of Groupe SEB’s total sales, or €628 million.

SEB Investment

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Groupe SEB has announced more than €5 million in investment in 2022 to support the brand’s growth in the French and international markets, most of it earmarked for the plant’s extension, as Krampouz is firmly anchored in its region and is committed to French craftsmanship and manufacturing. Revenue was up 32% year-on-year, buoyed by robust growth in the domestic and export markets, making it imperative to expand the site in Brittany. The investment aims to increase the plant’s production capacity for all Krampouz cooking appliances, for both the professional and home markets.

The expanded area will not only create room for new machines and an updated industrial tool, but also allows to grow the research and testing lab. A key component of the project, the site will also be home to new facilities designed with the wellbeing of staff in mind. The current site area will increase by almost 50% to 10,000 sq m.

Seb group doubles the production area of the Krampouz site

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Groupe SEB announces an investment of more than 5 million euros in 2022 to carry out the extension works of the Krampouz factory, in Pluguffan in Finistère. The expansion of the site, which will reach 10,000 m², will accommodate new machines and a modernized industrial tool.

The Krampouz factory in Pluguffan (29) doubles its production area. DR
With 100,000 products manufactured per year and a turnover of +32% compared to the previous year, the Krampouz factory in Finistère has reached the physical limits of its deployment. The expansion of the Pluguffan plant, where the group has been established since 2009, has become necessary.

Majority shareholder since 2019, the Seb group is therefore investing more than 5 million euros to extend and modernize the production area. ” This expansion is part of Groupe SEB’s desire to maintain and promote industrial know-how in France. Labeled Living Heritage Company since 2017, all appliances bearing the Krampouz stamp are designed and manufactured in Pluguffan, in Finistère ” , specifies the shareholder.

Launched in March 2022, the work, carried out by local companies, will be finalized during the summer of 2023. The various areas, industry and logistics, will be operational at the end of 2022. “The expansion of the site will make it possible to accommodate new machines and a modernized industrial tool, but also to extend the research and test laboratory. The site will also accommodate new spaces making the well-being of employees an essential component of this project”, specifies the press release.

The surface will increase by nearly 50% compared to the current premises and will approach 10,000 m². It will also increase the factory’s production capacity for all Krampouz cooking appliances, whether for professionals or the general public. In 2022, Groupe Seb is indeed initiating the renewal of the historic range of professional crepe makers.

Founded in 1945 by Jean-Marie Bosser, an electrician, the Krampouz brand has since established itself throughout the world, where it is present in 160 countries. Faithful to its cradle, Finistère, the company now employs 100 people and works with the ESAT of Ty Varlen located in Landudec for subcontracting activities, in particular the packaging of accessories

A world leader in small household equipment, Groupe SEB is present in nearly 150 countries. Over the years, it has built strong positions around the world through a product offering that is at once global and local, showcased by an exceptional brand portfolio.Groupe SEB include All-Clad, IMUSA , Krups, Moulinex, Rowenta, Tefal (including OBH Nordica) and WMF Group.

Bpifrance Announces Acquisition of a Stake in Groupe SEB, World Leader in Small Domestic Appliances

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By acquiring a stake in Groupe SEB (Paris:SK), Lac1 fund, managed by Bpifrance on behalf of French and international investors, is making its fifth investment since its creation in 2020.

This investment in a family-owned company that embodies the French industrial know-how is fully in line with the Lac1 fund’s investment strategy: to support French listed world leaders that offer strong value creation potential while addressing today’s environmental and societal challenges. With this investment, Lac1 asserts its commitment to the Group’s strategy.

Groupe SEB is the leading global player in small domestic appliances with solid market positions in kitchen appliances. This family-owned company with over 150 years of history has become a French champion with a worldwide presence in more than 150 countries, thanks to a global and competitive industrial tool, a broad portfolio of 31 local and international brands offering more than 30,000 products, and strong innovation capabilities based on a thorough knowledge of consumers. In 2021, the group achieved a turnover of 8.1 billion euros and employs more than 33,000 people.

SEB Sales increase

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Groupe SEB reported sales of 8,059 million euro , up 16.1% from 2020 , with like-for-like growth of 15.5%. Compared with 2019, which stands as a more normal base of comparison than atypical 2020, Group’s revenue grew by 9.6%. A good performance was recorded by small domestic appliances, with total sales reaching 7,431 million euro, up 16.7% in comparison with 2020 and +16% like-for-like.

Groupe SEB record year

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Thierry de La Tour d’Artaise, Chairman and CEO of Groupe SEB, comments : “Groupe SEB delivered in 2021 a record year, with revenue above €8 billion. This exceptional #growth, better-than-expected and exceeding €1 billion, was driven by the remarkable dynamics of the Consumer business and that of Professional Coffee, which confirmed its recovery. It enables us to offset headwinds and to reach an Operating margin from activity of 10%.I am very proud of these achievements. I would like to share this success with all our Groupe SEB teams and thank them for their mobilization throughout this complex period.”https://www.groupeseb.com/en/news/provisional-2021-sales-record-year

Groupe SEB tie with the Moroccan company

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Groupe SEB has signed an agreement with Preciber, a family-company in Morocco owned by Mohammed Berrada and Precima. The partnership led to the creation of the joint venture Groupe SEB Maroc, which is 55% controlled by Groupe SEB.the same time, Groupe SEB has invested via SEB Alliance in the CathayAfricInvest Innovation fund to identify start-ups active on the African continent in line with its innovation policy. This fund is one of the largest of its kind in Africa. After the establishment of a joint venture in Egypt in 2018, Groupe SEB thus confirms its desire to have a strong foothold in Africa.