The French appliance manufacturere Groupe SEB has announced a strong performance for the first half of 2024. The group achieved sales of €3,740 million, driven by an organic growth rate of 6.5%. This marks the fifth consecutive quarter with organic growth surpassing 5%.
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Its operating profit reached €244 million in the first half, a 35% increase compared to last year. This robust performance reflects its long-term strategy of focusing on product innovation and effectively utilising all distribution channels, which has led to consistent market share gains.
The professional business segment also achieved a record-breaking first half, with coffee machines experiencing double-digit growth.
The company remains confident in its ability to achieve around 5% organic sales growth and an operating margin close to 10% for the full year 2024.
Source: www.linkedin.com