Seb: 2022 net income down 30% at E316m

(CercleFinance.com) - Groupe SEB has announced 2022 sales of 7,960 million euros, almost flat (-1.
2%) vs. 2021 as reported basis, although down 4.7% LFL. Compared to 2019, the last normative year, 2022 sales are up 8.2%.

After a record year in 2021 (organic growth of 16% y-o-y), the Consumer business' sales reached 7,234 million euros, down 5.9% LFL compared to 2021.

Net income, group share reached 316 million euros (down 30% from the record level of E454m in 2021). Adjusted EBITDA came in at 875 million euros, against 1,041 million euros in 2021.


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