Groupe SEB: First-Quarter 2021 Sales and Financial Data
ECULLY, France–(BUSINESS WIRE)–Regulatory News:
GENERAL COMMENTS ON GROUP SALES
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…