Seb: FY 2018 sales up 5.1%
(CercleFinance.com) - Seb's FY 2018 sales came in at 6,812 million euros, up 5.
1%, including organic growth of +7.8% (+505 million euros) and a 3.2% charge resulting from FX factors.
Q4 sales amounted to 2,184 million euros, up 7.8%, including organic growth of 8.4% and a currency effect of -1.6%. Q4 sales amounted to 2,184 million euros, up 7.8%, including organic growth of 8.4% and an FX charge of -1.6%.
Management said that very dynamic sales in 2018 and FX factors that penalised the group less than expected enable it to confirm its overall targets for growth in operating profit from its businesses of around 3% relative to 2017, despite market conditions that are more difficult than first expected.
The company has also confirmed that it is aiming for an adjusted net debt/EBITDA multiple of under 2 at end-December 2018.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
1%, including organic growth of +7.8% (+505 million euros) and a 3.2% charge resulting from FX factors.
Q4 sales amounted to 2,184 million euros, up 7.8%, including organic growth of 8.4% and a currency effect of -1.6%. Q4 sales amounted to 2,184 million euros, up 7.8%, including organic growth of 8.4% and an FX charge of -1.6%.
Management said that very dynamic sales in 2018 and FX factors that penalised the group less than expected enable it to confirm its overall targets for growth in operating profit from its businesses of around 3% relative to 2017, despite market conditions that are more difficult than first expected.
The company has also confirmed that it is aiming for an adjusted net debt/EBITDA multiple of under 2 at end-December 2018.
Copyright (c) 2019 CercleFinance.com. All rights reserved.