SEB SA (FRA:GRB)

€ 112.6 -1.1 (-0.97%) Market Cap: 6.16 Bil Enterprise Value: 7.92 Bil PE Ratio: 16.08 PB Ratio: 1.93 GF Score: 88/100

Q1 2023 SEB SA Corporate Sales Call Transcript

Apr 28, 2023 / 10:00AM GMT

Release Date Price: €103.6 (+4.12%)

Transcript

Operator

Hello, and welcome to the 2023 First Quarter Sales and Financial Data Call. My name is Jess, and I'll be your coordinator for today's event. (Operator Instructions). I will now hand over to your host, Stanislas de Gramont, Chief Executive Officer; and Nathalie Lomon, Senior Executive Vice President and CFO, to begin today's call. Thank you.

Stanislas de Gramont

SEB SA - CEO & Member of Management Board

Thank you very much for this introduction. Without further ado, we'll get going. We'll cover today, it's a quarterly sales review. So we will cover, of course, Q1 sales highlights. We will look at our sales performance analysis with a glimpse on the FY net financial results. And then we will conclude with the outlook for 2023.

Starting for the sales highlights of the first quarter, our sales total performance declined by 3.7% like-for-like, 4.9% reported. And that graph highlights the very high level that we maintained for first quarter, we are close or very or slightly below the level we had in 2021, so it's a very strong first quarter and that

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