Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Groupe SEB Reports Good First Half Overall
Aug 9, 2011
 Printable format
 Email this Article
 Search

French appliance and kitchenware producer Groupe SEB reported first-half 2011 revenue of EUR 1,719 million, up 10.6% from EUR 1,555 million in the first half of 2010. The company reported an operating margin of EUR 155 million, down 7.6% from EUR 168 million in the first half of 2010. Operating profit in the first half of 2011 was EUR 152 million, up 7.2% from EUR 141 million in the first half of 2010.

"Our first-half results attest to our sustained growth dynamic and the quality of our strategy, which consists of maintaining a balanced presence between mature markets and emerging economies," said Thierry de La Tour d’Artaise, chairman and CEO.

He said the company's financial position gives it the ability to take advantage of opportunities when they arise – notably in 2011 with the acquisitions of kitchenware maker Imusa in Colombia and Asia Fan in Vietnam. "Despite present market uncertainties, we are confident in the outlook for the second half of the year and reaffirm our objective of achieving again solid revenue growth and improved operating margin, in value terms, in 2011," he said.

So far demand for its kitchenware and small appliances has been good overall in 2011, with some markets in share contrast to this general trend. Groupe SEB saw sustained demand in Western Europe except for specific countries such as such as Greece, Spain and Portugal. Markets remain "vibrant" in the emerging economies.

Fierce competition in most markets led to high levels of promotional activity.

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows