Seb: Full-year earnings down 21%

(CercleFinance.com) - Groupe Seb has reported a 20.
9% drop in net income, group share, at 301 million euros and an 18.2% decline in operating profit from ordinary activities to 605 million euros, on sales that are down 5.6% at 6.94 billion euros (-3.8% on an organic basis).

The Board of Directors proposes a dividend payment of 2.14 euros per share, plus a 10% loyalty premium for shareholders who have held registered shares for over two years.

The manufacturer of small household electrical appliances says that despite visibility remaining low over the coming months, says that it is well prepared and in good shape to resume organic growth in sales and an increase in ROPA in 2021.


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