SEB SA (FRA:GRB)

€ 111.1 -0.1 (-0.09%) Market Cap: 6.03 Bil Enterprise Value: 7.79 Bil PE Ratio: 16.27 PB Ratio: 1.95 GF Score: 88/100

Q3 2019 SEB SA Corporate Sales Call Transcript

Oct 29, 2019 / 05:00PM GMT

Release Date Price: €124

Transcript

Operator

Ladies and gentlemen, welcome to the Groupe SEB conference call. I now hand over to Mrs. Nathalie Lomon, Senior Executive Vice President and CFO; and Mrs. Isabelle Posth, Vice President, Financial Communication and Investor Relations.

Madam, please go ahead.

Nathalie Lomon

SEB SA - Senior Executive VP & CFO

Good evening, ladies and gentlemen, and welcome to our Q3 earnings release. So before I will start to comment on Q3 performance, let me share with you our views on the current economic environment.

As we were saying during the last publication, the overall environment continues to be a bit difficult with a more complex geopolitical context and trade disputes that weigh on the overall economic outlook. But I'm sure this does not come as a surprise to you.

Having said that, the group benefits from a very resilient business model that has delivered another quarter of strong growth. And now I have moved to Slide 5. As you can see, over the first 9 months, sales have been up 10.5% year-on-year to EUR 5.114 billion, with a still

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