(AOF) – Seb sits in first place in the SBF120 index, with its increase of 6.08% to 113.40 euros. The specialist in small household appliances raised its operating profit forecast for 2023, indicating last night that it expected an increase of at least 15% over the whole year” compared to at least 10% previously. Seb also posted sales over the year up 0.6% to just over 8 billion euros and recorded organic growth of 5.3%, in line with the company’s objective.
After a first crossing in 2021, the group passed the milestone of 8 billion euros in turnover for the second time in its history.
A performance praised by TP Icap Midcap, which remains a buy on the value while targeting the price target upwards, going from 147 to 149 euros.
Invest Securities highlights a “good fourth quarter” and recalls that Seb will publish its annual results on February 22.
Over the entire financial year, Consumer sales amounted to 7.05 billion euros, organic growth of 3.2% compared to 2022.
Furthermore, sales of the Professional activity stood at 962 million euros, an organic increase of 26.5%, supported by the dynamism of the Professional Coffee activity.
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