Seb: Q3 sales up 4% organically

(CercleFinance.com) - Seb announces that its sales reached E1985m in Q3, up 3.
4% on a reported basis and +4% organically (i.e. at constant exchange rates and consolidation scope).

For the first nine months of the year, sales amounted to E5,725m, up 3.5%, and +5.6% in organic terms.

Operating income for the first nine months of the year came to E444l, up 14.2% on 2023 (E389m). The operating margin was up 80 basis points, at 7.8%, vs. 7% in 2023.

In Q3 alone, recurring EBIT before associates amounted to E200m, down 4.0% on 2023, with an operating margin of 10.1%, vs. 10.9% in Q3 2023.

Seb says that it is on track for organic sales growth of around 5% and an operating margin of close to 10%.


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