May 11, 2021
Business News

Groupe SEB: First-Quarter 2021 Sales and Financial Data

ECULLY, France–()–Regulatory News:


Groupe SEB (Paris:SK) sales in the first quarter of 2021 amounted to €1,852m, up 27.4% as compared to the first quarter of 2020. This improvement includes like-for-like growth of 30.9% (+€449m), a currency effect of -5.6% (-€81m) and a scope effect of +2.1% (+€30m; related to StoreBound).

This excellent performance was driven by the Consumer business, up 39.1% LFL, resulting from a combination of several positive factors:

  • in line with second semester of 2020, a very firm demand for small domestic appliances and cookware;
  • continued solid momentum in online sales, which is sustained;
  • an overall less promotional environment, reflected…

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