The Group posted first-quarter sales of 1,893 ME, up 7.3% organically and 3.9% on a reported basis.
Consumer sales posted organic growth of 5.8% (+1.4% on a reported basis).
Professional sales totaled 258 ME, up 18.5% organically (+23.3% on a reported basis), boosted by the delivery of a number of major contracts, notably in China.
The Group's Operating Profit from ordinary activities amounted to 111 ME (compared with 65 ME in Q1 2023, +70%). The operating margin was 5.8%, compared with 3.6% a year earlier.
The Group confirms its ambitions for 2024. It is targeting an operating margin close to 10%.
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The world leader in Small Household Equipment, SEB S.A. relies on 35 flagship brands (Tefal, Seb, Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor, etc.) and a broad product portfolio:
- cookware: frying pans, saucepans, pressure cookers, utensils, etc.;
- small culinary appliances: items for electric cooking (deep fryers, rice cookers, pressure cookers, etc.), beverage preparation (coffee makers, kettles, etc.) or food preparation (blenders, food processors, etc.);
- small non-culinary household appliances: linen care equipment (irons, steam generators, steamers, steamers, etc.), vacuum cleaners, fans, and personal care equipment (hairdressing and depilation appliances, etc.).
At the end of 2023, the group operated 41 manufacturing sites worldwide.
Net sales are distributed geographically as follows: Western Europe (34.1%), Europe/Middle East/Africa (15.2%), China (27.9%), Asia (7%), North America (10.9%) and South America (4.9%).
SEB S.A. 
