Groupe SEB : Q3 confirms robust organic growth
>Feedback from the road show with management - At a road show with Groupe SEB, (CFO, HIR, IR), management reviewed its Q3 results and outlook for the short and medium term. We retain the following key points: In Q3, organic growth remained robust at +4%, i.e. a shade above forecasts because the consensus had expected +3.2% on average (vs our forecast of +3%). Moreover, the consumer business (88% of consolidated sales in Q3) reported an acceleration in growth with...SEB is engaged in the design, manufacture and marketing of cookware and small household appliances such as pressure cookers, irons, coffeemakers, deep fryers, toasters, kitchen utensils, breadmakers, mixers, blenders, bathroom scales, vacuum cleaners, fans, heaters, air conditioners and food processors. Co.'s products fall into eight categories: Home comfort, Home care, Food preparation, Linen care, Personal care business, Cookware, Electrical cooking and Beverage preparation. Co.'s brands are All-Clad, Krups, Lagostina, Moulinex, Rowenta, Tefal, Calor/Seb, T-fal/Mirro/WearEver/AirBake/Regal, Arno/ Panex//Rochedo/Penedo/Clock/Samurai/Imusa/Umco, Supor, AsiaVina and Maharaja Whiteline.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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