Groupe SEB reports 2023 provisional sales

• Annual sales: €8,006m, +5.3% LFL* (+0.6% as reported)
  In line with full-year outlook
  Continued recovery of the Consumer business
  Outstanding performance by the Professional business
   
• A strong fourth quarter: sales of €2,474m, up 8.5% LFL (+3.1% as reported)
   
• 2023 Operating Result from Activity now expected to grow by more than 15% (vs. more than 10% previously)

"In 2023, Groupe SEB's sales returned to a good organic growth dynamic, and its sales are back above the €8 billion mark in this financial year.
As expected, our Consumer business returned to a good level of organic growth as of the second quarter and since then continued on this trajectory. This performance is primarily the result of constant investment in a sustained innovation policy, and a solid commercial dynamic. The Small Domestic Equipment market demonstrated its resilience in 2023, in a complex macro-economic environment.
In a very buoyant market, the Group's Professional business achieved a record year, driven by commercial successes in the Coffee business in its main geographies, allowing the Group to consolidate its world leading position.
Based on these solid sales performances and rigorous operational management, the Group is revising upwards its growth forecast for its 2023 Operating Result from Activity, from an increase of at least 10% to at least 15%. "

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