Seb: quarterly sales up 4% organically

(CercleFinance.com) - Seb announces that its sales reached 1985 ME in Q3, up 3.
4% as reported and +4% organically (i.e. at constant exchange rates and scope of consolidation).

For the first nine months of the year, sales amounted to 5725 ME, up 3.5%, and +5.6% organically.

Operating income for the first nine months of the year came to ME 444, up 14.2% on 2023 (ME 389). The operating margin was up 80 basis points, at 7.8% versus 7% in 2023.

In Q3 alone, EBITDA totaled 200 ME, down slightly by 4.0% versus 2023, with an operating margin of 10.1%, versus 10.9% in Q3 2023.

We remain on track for organic sales growth of around 5% and an operating margin close to 10% for the year", says Stanislas de Gramont, Group CEO.

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