Tefal owner SEB rises as FY results mark return to historical growth

SEB SA

24/01/2025 08:39

** Shares in SEB  SEBF.PA  rise 4.4% after the French
manufacturer of household equipment reported growth in its FY
sales, in line with market expectations
    ** The Tefal brand owner's FY sales reach 8.27 billion euros
($8.65 billion), up 5.0% year-on-year, roughly in line with 8.28
billion euros in a company-provided consensus
    ** The results reflect the return of the Consumer Division
to its historical growth standards and the consolidation of the
Professional Division, Midcap Partners says
    ** Portzamparc see 2025 environment in the Professional
Division and in China and EMEA regions as more promising despite
the presence of a lot of challenges
    ** The lack of visibility on the U.S. market at present does
not seem to be worrying the company's management, Portzamparc
adds

($1 = 0.9565 euros)

 (Reporting by Mathias de Rozario in Gdansk)
 ((mathias.derozario@thomsonreuters.com))