SEB SA (ENXTPA:SK) announces an Equity Buyback for €1,056.45 million, , under the authorization approved on May 19, 2020.
March 15, 2021 at 06:32 pm EDT
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SEB SA (ENXTPA:SK) commences share repurchases on March 8, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 19, 2020.. As per the mandate, the company is authorized to repurchase its own shares, provided that the number of shares repurchased and the shares held in treasury does not exceed 10% of the share capital. The maximum amount allocated for the repurchase is €1,056.44 million, and the maximum price at which the shares will be repurchased is €210 per share, excluding trading fees. The shares purchased under this program may be used to maintain a liquid market for the company’s shares. The share repurchase program is valid till July 19, 2021 or 14 months , whichever is earlier. As of June 30, 2020, the company had 140,622 treasury shares.
The world leader in Small Household Equipment, SEB S.A. relies on 35 flagship brands (Tefal, Seb, Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor, etc.) and a broad product portfolio:
- cookware: frying pans, saucepans, pressure cookers, utensils, etc.;
- small culinary appliances: items for electric cooking (deep fryers, rice cookers, pressure cookers, etc.), beverage preparation (coffee makers, kettles, etc.) or food preparation (blenders, food processors, etc.);
- small non-culinary household appliances: linen care equipment (irons, steam generators, steamers, steamers, etc.), vacuum cleaners, fans, and personal care equipment (hairdressing and depilation appliances, etc.).
At the end of 2023, the group operated 41 manufacturing sites worldwide.
Net sales are distributed geographically as follows: Western Europe (34.1%), Europe/Middle East/Africa (15.2%), China (27.9%), Asia (7%), North America (10.9%) and South America (4.9%).
SEB S.A. 
