Seb : Solid resilience against a challenging backdrop. However, visibility remains low on H2 (70% of full-year results)
>Feedback from management meeting - After presenting H1 results in a meeting, management went over the interim figures which beat expectations. They emphasised that given the group’s seasonal trends, H1 is not indicative of full-year results (H1 operating profit represents around 30% of full-year operating profit). In our view, the key takeaways were: In H1, operating profit came to € 103m (vs ODDO BHF estimate: € 60m), down 55% with a price effect of -€ 26m owi...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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