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 Revenues Up, Profits Down in First Half
Aug 1, 2013
 Printable format
 Email this Article
 Search

Groupe SEB Revenues Up, Profits Down in First Half
French small appliance maker Groupe SEB reported first-half organic revenue growth of 3.1%. The company said operating result were down slightly, which the company said was expected.

Revenue in the first half of 2013 was EUR 1,835 million, up 2.5% from the first half of EUR 1,790 million.

Operating profit was EUR 117 million in the first half of 2013, down 7.2% from EUR 127 million in the first half of 2012.

"Following a lackluster year in 2012, the first half of 2013 saw a return to revenue growth for Groupe SEB," said Chairman and CEO Thierry de La Tour d'Artaise. "In a contrasted, uncertain environment, our product dynamic and extensive international footprint once again represented our strongest assets for capturing the full potential of our markets. While France temporarily represents a challenge, which is adversely affecting our revenue and earnings, the group managed to drive growth in all its other major regions.

He added that new challenges, including social unrest in Turkey and Brazil and certain currency volatility, is not dampening Group expectations for full-year 2013 expectations.

Back to Daily News

 

Daily News

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

Feb 19, 2014: Beam by Electrolux Earns Top Ranking in Two Builder Surveys

Feb 18, 2014: Miele Vacuum Has Motor Output of Only 1200 W, But Scores Top Cleaning Marks

Feb 18, 2014: DOE Proposes Revisions to Testing of Commercial Clothes Washers

Feb 17, 2014: Jarden Reports Record Results

Feb 17, 2014: Deere Reports Record 1Q Earnings

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows