SEB Shares Jump On Operating Result Recovery

SEB SA

23/07/2026 08:50

   ** Shares in French appliance manufacturer SEB SEBF.PA jump 12%, on track for best day since October 2021, after posting H1 results
** "Free cash flow turns positive again, which reinforces debt reduction, the real catalyst for the stock," says TP ICAP Midcap
** The company posted a 44% rise in H1 operating result from activity (ORFA) to €172 million and confirmed its 2026 outlook
**  "Sales come out in line, and ORFA exceeds expectations, even if it is partly driven by US customs duty refunds that we had not included," says the broker
** TP ICAP Midcap adds SEB valuation is "excessively conservative" and remains attractive as the company's "Rebound" plan produces its effects
** Up to the previous session's close, shares were down 0.6%​ YTD - LSEG Data

 (Reporting by Dimitri Rhodes in Gdansk)
 ((dimitri.rhodes@thomsonreuters.com))