SEB SA Proposes Dividend for the Financial Year 2020, Payable on May 27, 2021
February 24, 2021 at 04:09 pm EST
Share
SEB SA announced that at its meeting held on February 23, 2021, the Board of Directors proposed the distribution of a dividend of €2.14 per share in respect of the 2020 financial year. As a reminder, in February 2020, the dividend initially proposed in respect of full-year 2019 was €2.26 per share. It was then reduced by 33% to €1.43, given the effects of the COVID-19 pandemic and in line with the recommendations of AFEP (Association Française des Entreprises Privées) at the time. The proposal to return to a more normative level in the dividend is based on the satisfactory 2020 performances due to the Consumer business’ rebound in the second half of the year, as well as on the Board’s trust in the Group’s continued profitable growth over the long term. Shareholders having held shares under the registered form for more than two years will receive a loyalty bonus of 10%, taking the total dividend to €2.35 per share. The coupon detachment date is set for May 25 and the dividend will be paid on May 27, 2021.
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. 
