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SEB SA
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 23, 2026
AI Summary
Q1 2026

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.

Key Financials
Sales
EUR 1.885 billion
ORfA
EUR 72 million
Operating margin
3.8%
Currency effect
-3.8%
Professional sales
EUR 231 million
Consumer sales
EUR 1.654 billion
EMEA growth
2.5%
Asia growth
2.2%
Americas growth
6.7%
Western Europe growth
4.8%
France growth
21%
France growth ex loyalty programs
5%
North America growth
4.7%
South America growth
10.9%
China growth
2.3%
Middle East exposure
circa 2% of total group revenue
Discounted Coffee Crush price
EUR 350, EUR 320 and EUR 300
Coffee Crush width
15 centimeters
Coffee Crush rollout
50 markets by the end of 2026
Influencer reach at Paris SEB event
16 million people
Coffee Crush launch event reach
20 million
Rebound SKU reduction target
20% to 30%
Rebound candidate identification
80%
Indirect savings target
EUR 60 million
Total savings target
EUR 200 million
Target leverage
around 2x, excluding acquisitions
Earnings Call Recording
Other Earnings Calls

Management

Mr. Stanislas de Gramont
CEO & Member of Management Board
No Bio Available
Mr. Olivier Casanova
Senior EVP of Finance & CFO
No Bio Available
Ms. Delphine Segura Vaylet
Senior EVP of Human Resources & Member of Management Board
No Bio Available
Ms. Isabelle Posth
Head of Financial Communication & Investor Relations
No Bio Available
Ms. Cathy Pianon
Senior Executive VP of Public Affairs & Communication
No Bio Available
Ms. Virginie Van Haeren
Chief Marketing Officer
No Bio Available
Mr. Cyril Buxtorf
Senior Executive Vice-President of Products & Innovation
No Bio Available
Mr. Martin Zouhar
Executive Vice-president of Professional Coffee Machines and Hotels
No Bio Available
Mr. Olivier Naccache
Executive Vice President of Emerging Markets - Asia and Pacific
No Bio Available
Emmanuel Serot
Senior Vice President of EuroAsia
No Bio Available

Contacts

Address
AUVERGNE-RHONE-ALPES
Ecully
Campus SEB - 112, chemin du Moulin Carron
Contacts
+33472181818.0
www.groupeseb.com
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