Brief: Groupe Seb Nine-Month Sales Down At EUR 5.56 Billion

SEB SA

24/10/2022 17:17

Oct 24 (Reuters) - SEB SA  SEBF.PA :
    * GROUPE SEB: NINE-MONTH 2022 SALES AND FINANCIAL DATA
    * NINE-MONTH SALES: EUR 5,560M; -0.2%, -4.3% LFL
    * NET FINANCIAL DEBT AS OF 30/09/2022: EUR 2,581M, +EUR 630M
VERSUS 30/09/2021
    * NINE-MONTH OPERATING RESULT FROM ACTIVITY (ORFA): EUR 319M
VERSUS EUR 528M IN 2021
    * WITH CONTRASTING PERFORMANCE IN Q3, GROUP IS REVISING ITS
GUIDANCE FOR 2022
    * OUTLOOK: SALES OF AROUND EUR 7.9 BILLION
    * OUTLOOK: ORFA MARGIN IN RANGE OF 7.0% TO 7.5%
    * OPERATING MARGIN FOR FIRST NINE MONTHS IS 5.7%
    * GROUPE SEB CONSOLIDATES ITS BUSINESS IN DACH REGION
(GERMANY,
AUSTRIA, SWITZERLAND)
    * GEISLINGEN WILL BECOME HEADQUARTERS OF GROUPE SEB'S
ACTIVITIES
IN DACH REGION
    * AIM IS TO IMPLEMENT FIRST DACH CONSOLIDATION MEASURES AS
OF
JANUARY 2024
    * DACH CONSOLIDATION MAY IMPACT 180 JOBS OUT OF 5,000
    * DACH REORGANIZATION IS ESTIMATED TO COST AROUND EUR 35M,
OF
WHICH EUR 25M IN 2022

Source text for Eikon:  ID:nBw2YFTmRa 
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