For 2023, Seb reports a 22% increase in net income to 386 million euros and a 1.3-point improvement in operating margin to 9.1%, on annual sales of 8.01 billion euros, up 5.3% at constant exchange rates and scope of consolidation.
Sales momentum, continued improvement in gross margin and disciplined management of all costs enabled the Group to exceed its initial target for growth in operating income", emphasizes CEO Stanislas de Gramont.
For 2023, the Board of Directors proposes a dividend of 2.62 euros per share, up 6.9%. For holders of registered shares for more than two years, the dividend will be increased by 10%, to 2.88 euros per share.
The small electrical appliances group anticipates an operating margin of close to 10% for 2024. In the medium term, it is reaffirming its target of at least 5% average annual sales growth at ccpd and an operating margin of around 11%.
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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. 
