Seb: returns to growth in Q3
(CercleFinance.com) - Household electrical appliance group Seb's Q3 sales reached 1,797 million euros, up 1.
1% as reported data, and up 4.4% in organic terms.
Operating profit reached 324 million euros, i.e. -20.4% as reported, or -6.5% in organic terms.
In the first nine months of the year, sales declined 7.9% as reported and fell 6.7% in organic terms.
The group expects a 5% to 6% decrease in sales at constant exchange rates and a 25% to 30% fall in FY 2020 operating profit.
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