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Groupe SEB reported record financial results for 2021, achieving sales of €8.059 billion, a growth of 16.1% from 2020. The Operating Result from Activity reached €813 million, up 34%, while net profit increased 51% to €454 million. The Group announced a proposed dividend of €2.45 per share, reflecting a 14.5% increase. Significant drivers included strong consumer demand and effective cost controls. For 2022, SEB aims for further growth in both sales and operating results.
On February 10, 2022, Groupe SEB's Board decided to separate the roles of Chairman and CEO. Thierry de La Tour d’Artaise remains Chairman while Stanislas de Gramont is appointed CEO, effective July 1, 2022. This strategic change aims to enhance corporate governance and performance. Under de La Tour's leadership since 2000, Groupe SEB has quadrupled its revenue and significantly improved operating profit, while successfully completing 18 acquisitions. The Board believes this governance structure will ensure the company's long-term success and uphold its values amidst evolving market challenges.
Groupe SEB achieved record annual sales of €8,059m in 2021, marking a 16.1% increase compared to 2020. This growth was driven by strong performance in the Consumer segment, which reached €7,431m (+16.7%). The Professional Coffee business accounted for €628m (+10.2%). Despite challenges such as supply chain pressures and currency fluctuations, the company maintained a robust operating margin of an estimated 10%. E-commerce contributed significantly to growth, alongside strategic price increases to counter raw material inflation.
Groupe SEB announced the successful issuance of a €350 million Schuldschein in December 2021, exceeding the initial target of €200 million due to high demand. The funds will refinance expired financing, extend average debt maturity, and secure attractive financing conditions. The company also refinanced a €990 million revolving credit facility with a 5-year maturity. SEB's short-term debt holds an A2 rating by S&P, reflecting investor confidence in its strategy and outlook.
On July 1, 2021, SEB SA engaged Rothschild Martin Maurel to implement a liquidity contract for one year, automatically renewable. As of December 31, 2021, the liquidity account held 0 shares and €1,994,845. The initial balance on July 1, 2021, was €2,000,000. Between July 1 and December 31, 2021, a total of 675 purchase transactions and 761 sale transactions were executed, with total exchanged volumes of 22,465 shares and approximately €3.07 million in sales.
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