Seb: confirms FY 2019 targets

(CercleFinance.com) - Household electrical appliance maker Seb reported Q1 2019 sales of 1,722 million euros, up 10.
4%, including organic growth of 8.5%, a positive positive currency impact of 0.8% (13 million euros) and a positive impact from changse in its consolidation scope of +1.1% (+17 million euros).

The operating result from activity amounted to 138 million euros in the first quarter, up 12% compared to the first quarter of 2018.

"ORfA was bolstered by brisk business activity despite the environment of intense competition and promotional activity. At this point, it does not include the accounting entries for the initial consolidation of Wilbur Curtis (purchase price allocation)," the group said.

The Group confirms its objectives for 2019, which include further organic sales growth and an increase in its operating result from activity.



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