Seb: FY 2017 sales of 6,485 million euros (+29.7%)
(CercleFinance.com) - Seb group reported Q4 sales of 2,026 million euros, up 24.
1%. Organic growth reached 8.4% (+138 million euros).
FY sales came in at 6,485 million euros, up 29.7%. Organic growth reached 9.2% (+462 million euros). Changes in the group's consolidation scope amounted to 1,195 million euros (WMF consolidated over 12 months and EMSA consolidated over 6 months for 1,151 million euros and 44 million euros respectively).
The quality of 2017 provisional sales leads the group to confirm and clarify our 2017 earnings targets. Despite unfavourable changes in FX factors in the second half of 2017, the group is aiming for growth in its operational activities result, before the one-off impact of the allocation of the purchase price of WMF, of between 30% and 35%, said management regarding its outlook.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1%. Organic growth reached 8.4% (+138 million euros).
FY sales came in at 6,485 million euros, up 29.7%. Organic growth reached 9.2% (+462 million euros). Changes in the group's consolidation scope amounted to 1,195 million euros (WMF consolidated over 12 months and EMSA consolidated over 6 months for 1,151 million euros and 44 million euros respectively).
The quality of 2017 provisional sales leads the group to confirm and clarify our 2017 earnings targets. Despite unfavourable changes in FX factors in the second half of 2017, the group is aiming for growth in its operational activities result, before the one-off impact of the allocation of the purchase price of WMF, of between 30% and 35%, said management regarding its outlook.
Copyright (c) 2018 CercleFinance.com. All rights reserved.