Groupe SEB Revenues Grow 14.2% for First 9 Months
Oct 27, 2008
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Groupe SEB reported a revenue increase of 14.2% to US$2.8 billion for the first nine months of the year. The company attributed this to organic growth of 5.6% , the consolidation of the company’s Supor division in China, which contributed $282 million, and a negative currency effect of $75 million due to the continuing fall of certain currency rates against the Euro.

In North America, sales fell 2.4% with current exchange rates, for a total of $342 million. The region saw flat sales in the third quarter, and in the U.S., sales were affected by the continuing weak dollar and challenging economic environment. Its revenue grew at a “satisfactory rate” in the third quarter in the U.S., a company statement said, "led by T’Fal’s successful repositioning in the cookware segment." Rowenta, on the other hand, had a "challenging quarter."

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