Groupe SEB outlines long-term strategy to cement global leadership in small domestic equipment market and become a key player in professional equipment; company eyes at least 5% LFL CAGR and close to 10% operating margin in 2024

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December 15, 2023 (press release) –

STRATEGIC LONG-TERM AMBITION:

STRENGTHEN ITS GLOBAL LEADERSHIP POSITION IN THE SMALL DOMESTIC EQUIPMENT MARKET

BECOME A REFERENCE PLAYER IN PROFESSIONAL EQUIPMENT

Medium-term Financial Ambition

Revenue:

At least 5% LFL CAGR

Operating Result from Activity:

Margin close to 10% in 2024 (ORFA / Revenue)
Progressing towards 11% in the medium-term

Substantial annual free cash-flow generation

Our investor day was an exceptional showcase which gave us the opportunity to reaffirm the fundamentals of the global leadership and the attractive growth prospects of Groupe SEB.

Statement by Stanislas de Gramont, Chief Executive Officer of Groupe SEB

PRESS RELEASE

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