SEB falls to lowest in over two decades as tariff woes hit outlook

SEB SA

24/07/2025 08:39

** Shares in French consumer goods company SEB SEBF.PA fall 12.6%, to the bottom of France's SBF 120 index .SBF120, after the group lowered its 2025 organic sales growth outlook on tariff-related uncertainties

** SEB now expects 2025 like-for-like (LFL) sales growth between 2% and 4%, compared with previous guidance of around 5%

** "The group is revising its annual estimates downwards, mainly in the light of H1 and the continued uncertainty over tariffs," Midcap Partners says

** The broker points to a 51% drop in first-half operating result from activity to 119 million euros, weigh down by a weak professional division, North American disruptions, and significant currency headwinds

** If losses hold, its shares are on track their its worst day since September 1998, when it closed 15.6% lower

 (Reporting by Anna Peverieri)

 ((Anna.peverieri@thomsonreuters.com))