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SEB: Q1 sales up 27.4% at E1,852m
(CercleFinance.com) - The household electrical appliance group's Q1 2021 sales came in at 1,852 million euros, up 27.
4% y-o-y. The Consumer business grew by 39.1% LFL, while the Professional business posted a 26.2% LFL decline in sales compared to Q1 2020. Groupe SEB achieved Operating Profit from Activity (ROPA) of 198 million euros in Q1 2021, compared to 18 million euros at 31 March 2020 (and 138 million euros in Q1 2019). "Reported sales growth could end up around 10% for 2021, including a negative currency impact of -E100m, ORfA margin for 2021 could be close to 10%, including more penalizing headwinds (FX, raw materials and components, freight) than initially anticipated and currently estimated at -E140m on the Operating Result from Activity (ORfA)," it said. Copyright (c) 2021 CercleFinance.com. All rights reserved. |
26/04/2024 16:00
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