SEB SA
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SEB SA
SEB SA is a French company that makes small household appliances and cookware. Its products include kitchen machines, fryers, irons, vacuum cleaners, food preparation tools, and pots and pans sold under brands such as Tefal, Moulinex, Rowenta, Krups, and Lagostina. It sells mainly to consumers through retailers, e-commerce channels, and specialty stores, with some products also aimed at home and professional use. The company makes money by designing, manufacturing, and selling branded consumer goods. A large part of its business depends on repeat purchases, because many products are everyday items that consumers replace or upgrade over time. It also earns revenue from accessories, replacement parts, and premium cookware lines that sit higher in the kitchen and home-appliance market. SEB stands out because it owns a broad portfolio of well-known brands and covers both appliances and cookware, which gives it reach across the kitchen and home-care aisle. Instead of selling one big machine or a business-to-business service, it sells practical products that sit close to the consumer and are bought through mass retail. That makes it a household-goods company with strong brand and distribution advantages rather than a pure manufacturing contractor.
SEB SA is a French company that makes small household appliances and cookware. Its products include kitchen machines, fryers, irons, vacuum cleaners, food preparation tools, and pots and pans sold under brands such as Tefal, Moulinex, Rowenta, Krups, and Lagostina. It sells mainly to consumers through retailers, e-commerce channels, and specialty stores, with some products also aimed at home and professional use.
The company makes money by designing, manufacturing, and selling branded consumer goods. A large part of its business depends on repeat purchases, because many products are everyday items that consumers replace or upgrade over time. It also earns revenue from accessories, replacement parts, and premium cookware lines that sit higher in the kitchen and home-appliance market.
SEB stands out because it owns a broad portfolio of well-known brands and covers both appliances and cookware, which gives it reach across the kitchen and home-care aisle. Instead of selling one big machine or a business-to-business service, it sells practical products that sit close to the consumer and are bought through mass retail. That makes it a household-goods company with strong brand and distribution advantages rather than a pure manufacturing contractor.
Sales: Groupe SEB reported Q1 sales of EUR 1.885 billion, with like-for-like growth of 2.7% despite a negative currency impact of 3.8%.
Profitability: ORfA rose 42% to EUR 72 million and operating margin improved by 1.2 percentage points to 3.8%, helped by sales growth, currency effects, and lower operating expenses.
Demand: Management said consumer demand was broadly stable in Q1, with no material impact from the Middle East crisis so far, and early Q2 trading also looked unchanged in the first few weeks of April.
Growth Drivers: Innovation was highlighted as the main growth engine, with products such as X-Clean 10, AeroSteam, Cookeo Infinity, Pizza Pronto, and Coffee Crush supporting sales momentum.
Rebound Plan: The company said its Rebound plan is on schedule, with early benefits already visible in indirect purchasing and cost discipline, while most restructuring charges are expected to be booked in Q2.
Outlook: Management confirmed its 2026 outlook for ORfA growth, more normal free cash flow, and lower leverage, while warning that macroeconomic and geopolitical uncertainty remains high.