SEB surges on new savings plan announcement

SEB SA

25/02/2026 09:05

** Shares in SEB SEBF.PA jump 11.2%, after the French household appliance maker announced lay-offs as part of its 'Rebond' savings plan

** The maker of Tefal pans sees up to 2,100 job cuts worldwide and plans a targeted savings programme of 200 million euros ($236 million) by 2027

** TP ICAP Midcap says the savings plan is "necessary" and "the social dimension is addressed responsibly," as the 2025 financial year "revealed the fragility of the model"

** "SEB's stock price reflects a tension between real strategic strengths (Supor, professional coffee, innovation capacity, premium portfolio) and weak sales execution compared to more agile competitors," the broker adds

** SEB shares on track for their best day since October 2021 and are up 15% YTD

($1 = 0.8480 euros)

(Reporting by Dimitri Rhodes in Gdansk)

((dimitri.rhodes@thomsonreuters.com))