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

Q4 2020 SEB SA Corporate Sales Call (Pre-recorded) Transcript

Jan 22, 2020 / 05:00PM GMT

Release Date Price: €116.18 (-1.92%)

Transcript

Nathalie Lomon

SEB SA - Senior Executive VP & CFO

Hello, everybody, and thank you for joining our call on our provisional sales 2019. This is Nathalie Lomon speaking. I would suggest we go directly to the Slide #5 where we can see that Groupe SEB has delivered another dynamic performance this year with total sales of EUR 7,354,000,000. This is an 8% growth on a published basis and a 5.8% growth on a like-for-like basis. This is the 6th year in a row of organic growth above 5% for the group, and we have benefited from strong increases in both Consumer and Professional divisions. Consumer division has been up 6.1% year-on-year, including 5.2% of organic growth. And Professional has delivered a strong 12.1% on an organic basis and 26% on a reported basis when including the acquisition of Wilbur Curtis.

With respect to Q4, they amount to EUR 2,240,000,000. They're up 2.5% on a reported basis and 0.9% on an organic basis. Regarding Q4, again, organic growth would have reached 2.3% when taking into account the positive nonrecurring events, the recognition of the tax receivables in Brazil last year

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