May 11, 2021
Business News

Groupe SEB: First-Quarter 2021 Sales and Financial Data


ECULLY, France–()–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…



Click here to view the original article.

Related Posts

You might also like ...

ServiTech Announces Christie Werner and Mark Morten as new Territory Leaders
ServiceNow Introduces New Capabilities to Employee Workflows as Organizations Prepare for the New Era of Work
Tangoe Recognized as a Visionary in the 2021 Gartner Magic Quadrant for Managed Mobility Services, Global