Seb: sales drop 4.7% in 2022
(CercleFinance.com) - The household electrical appliance group Seb has announced that its sales (unaudited provisional figures) 7,960 million euros in 2022, down 4.
7% LFL compared to 2021.
Sales declined in the consumer market (-5.9% at constant exchange rates), with -11.1% in EMEA, -5.5% in the Americas, but +2.3% in Asia.
In Q4 Seb reported a 5.6% decline in group sales, at 2,400 million euros.
In this context, Groupe Seb confirms its operating margin target for 2022 and now estimates that it will be at the top end of the 7.0% to 7.5% range
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