Groupe SEB : Revenues hold up well against tough base effects
>Company contact: 2024 targeted confirmed - During a contact with the group, we reviewed recent business trends and the prospects for the full year. Our main takeaways are: For 2024, the group reiterated its guidance, with organic growth expected to work out at around 5%, in line with our estimates. After revenue growth of 6.5% LfL in the first half of the year, we are anticipating around 3.8% LfL for H2, which remains a relatively strong performance. By reg...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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