— Groupe SEB

Groupe SEB is the world leader in small domestic equipment. Operating in the markets for small electrical appliances, cookware and professional coffee machines, it has a balanced profile in terms of products, brands (Krups, Lagostina, Moulinex, Rowenta, Tefal, Supor, WMF, etc.), geographical locations and distribution channels (e-commerce represents nearly 25% of sales). The group markets its products in more than 150 countries (China is its leading market), with significant exposure (44%) to emerging countries.

As at Dec 31, 2018
 

Stake in Groupe SEB

5%

Investment date

2004

FFP's investment.

FFP acquired a stake in SEB SA in the first half of 2004 and invested €80 million to acquire 5.0% of the company's capital. At 31 December 2018, the FFP group (via its wholly-owned subsidiary FFP Invest) held 5.0% of the group's share capital.

FFP Invest, represented by Mr. Bertrand Finet, is a director of SEB SA and a member of the Nominations and Remuneration Committee.

In 2018.

In an economic environment that tightened in 2018, Groupe SEB continued to develop its business at a sustained pace. The group's major growth drivers have been fully operational, thanks in particular to a solid product dynamic, a global presence, particularly in China where Supor continues to outperform a still buoyant market, and a strong contribution from e-commerce.

In 2018, SEB generated revenue of €6.8 billion, up +5.1% compared with the previous year and +7.8% at constant scope and exchange rates. This growth is to be seen in perspective with high historical figures, with organic growth of +6.1% in 2016 and +9.2% in 2017. Its operating result amounted to
€625 million, compared to €580 million in 2017. Operating cash flow generation was €552 million (€322 million in 2017). Net financial debt amounted to €1,578 million, or 1.9x adjusted EBITDA.

Key figures.

2018 turnover

6.8bn

2018 organic growth

+5%

Organic growth in China in 2018

+24.3%

Shareholding structure.