Groupe SEB enjoys ‘sharp increase’ in first-half UK sales

Groupe SEB, whose brands include Tefal, Lagostina, Rowenta, Moulinex and Krups, pushed sales up 14.8% in the first six months of 2008.

Groupe SEB enjoys ‘sharp increase’ in first-half  UK sales

The company said turnover of 1,413.5m Euros reflected the net effect of three factors: its acquisition of major Chinese cookware and small appliances manufacturer Supor, which contributed 140m Euros; 41m Euros negative current effect; and a solid 6.7% organic growth.

Revenue growth was led by increased sales volumes, improvement in the product mix and firm prices, the company said.

“The vast majority of product families contributed to this very satisfactory performance, with Dolce Gusto, Silence Force, Quick Cup, bread makers and other 2007 flagship products continuing to successfully expand in international markets,” it added.

In the UK, despite what Groupe SEB described as “a still-challenging market environment, the group reported a sharp increase in revenue, led by such flagship products as Actifry, Dolce Gusto and Quick ‘N Hot”.

In China, Supor’s first-half sales in its domestic market rose by 37%.

Groupe SEB operates in over 120 countries and sells 170m products a year.

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