Seb : H1 2020 results topped expectations but group remains cautious for H2. Announcement of a minor acquisition in the US Target price lifted to € 160
>An excellent performance in Q2: operating profit on ordinary activities of € 86m vs € 42m estimated - Groupe Seb reported H1 2020 results ahead of expectations. The key figures are as follows: 1/ A 12.7% decline in sales to € 2,914m vs our estimate of € 2,850m (consensus € 2,866m) bearing in mind that like-for-like, the decline was 12.6%. For Q2 alone, the l-f-l contraction came in at -8.4% (we had been forecasting -15% and the consensus -13.1%) with robust growth in...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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