Groupe SEB shares jump on Q1 beat, confirmed guidance

SEB SA

24/04/2026 08:36

** Shares in Groupe SEB SEBF.PA jump 5.2% after the French household appliances maker reported Q1 revenue and operating profit ahead of analyst expectations and confirmed FY guidance

** The company posted Q1 organic sales growth of 2.7%, above consensus of 1.9%, while operating profit jumped 42% to EUR 72 million ($84.07 million), surpassing the consensus estimate of EUR 64 million, as cited by TP ICAP Midcap

** Management confirmed its full-year 2026 guidance, targeting growth in operating profit, more normalised free cash flow generation, and a reduction in financial leverage

** Portzamparc describes the publication as "good" given a "geopolitically, economically and competitively challenging environment"

** TP ICAP Midcap maintains a "buy" rating with a price target of EUR 67, saying the current valuation appears "strongly disconnected from the intrinsic value of the group's assets"

** Stock is top performer on France's SBF 120 Index .SBF120

($1 = 0.8564 euros)

 (Reporting by Clement Martinot)

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