Seb Sa · EURONEXT:SK
Seb Sa — Groupe SEB — Q1 2025 Earnings Presentation
25 slides from Seb Sa's earnings presentation, Apr 24, 2025
Slide 1: 2025 First-quarter sales and financial data
2025 First-quarter sales and financial data Ecully | 24 April 2025 Click here to listen to our webcast or find us at www.groupeseb.com
Slide 2: Disclaimer
Q1 2025 SALES AND FINANCIAL DATA DISCLAIMER This presentation may contain certain forward-looking statements regarding Groupe SEB’s activity, results and financial situation. These forecasts are based on assumptions which seem reasonable at this stage, but which depend on external factors including
Slide 3: Q1 2025 sales and financial data agenda
Q1 Q1 2025 2025 SALES SALES AND AND FINANCIAL FINANCIAL DATA DATA 01 Q1 activity highlights 02 Q1 ORFA 03 Outlook for 2025 04 Appendices 24/04/2025 3
Slide 4: Good start for the Consumer business, return to growth in China
Q1 2025 SALES AND FINANCIAL DATA Good start for the Consumer business Return to growth in China > Sales broadly stable versus 2024 > Markets well oriented overall and driven by innovation > Continued good dynamic in Consumer, and return to growth in China > As expected, comparison base still high in
Slide 5: Key figures
Q1 2025 SALES AND FINANCIAL DATA Key figures Sales €1,906m - 0.6% LFL vs Q1 2024 ORFA Operating margin €50m 2.6% - 54.5% vs Q1 2024 - 3.2 pts vs Q1 2024 24/04/2025 5
Slide 6: Q1 activity highlights
Q1 2025 SALES AND FINANCIAL DATA Q1 activity highlights 24/04/2025 6
Slide 7: Broadly stable sales
Q1 2025 SALES AND FINANCIAL DATA Broadly stable sales Sales in €m - 11 +31 1,906 -7 1,893 Organic growth Currency effect Scope - 0.6% - 0.4% + 1.6% + 0.7% Q1 2024 Q1 2025 24/04/2025 7
Slide 8: Limited currency impact in Q1
Q1 2025 SALES AND FINANCIAL DATA Limited currency impact in Q1 15 10 Q1 2025: - €7m (vs. - €75m Q1 2024) 5 0 -5 - 10 CNY USD RUB PLN ARS UAH COP KRW BRL EGP TRY MXN Other Others 24/04/2025 8
Slide 9: High comparison base in Professional, continued growth in Consumer
Q1 2025 SALES AND FINANCIAL DATA High comparison base in Professional Continued growth in Consumer SALES €1,906m + 0.7% - 0.6% LFL Professional Consumer €234m €1,672m - 9.2% + 2.2% - 21.7% LFL + 2.8% LFL 24/04/2025 9
Slide 10: Professional: comparison base still high
Q1 2025 SALES AND FINANCIAL DATA Professional Comparison base still high Q1 2025 As expected, continuation of a strong comparison base (+ 18.5% Q1 2024) €234m > Focused on China in Professional Coffee > Sequential improvement expected from Q2 - 9.2% Near-stable core business in Q1, gradual ramp-up o
Slide 11: Consumer: continued organic growth
Q1 2025 SALES AND FINANCIAL DATA Consumer Continued organic growth Q1 2025 €1,672m Small Domestic Equipment markets still well oriented overall + 2.2% + 2.8% LFL Promising product launches and encouraging success for the upcoming + 3.3% excluding LP quarters > Versatile vacuum cleaners, washers, ble
Slide 12: Consumer: continued growth, recovery in Asia
Q1 2025 SALES AND FINANCIAL DATA Consumer: continued growth, recovery in Asia North America Western Europe Other EMEA Excluding LP countries + 8.9% + 30.5% + 5.6% + 4.9% + 7.0% + 1.5% + 1.7% + 16.5% H1-24 H2-24 China Q1-25 H1-24 H2-24 Q1-25 + 7.2% 0.0% + 3.5% H1-24 H2-24 Q1-25 - 2.7% H1-24 H2-24 Q1-
Slide 13: Consumer - EMEA
Q1 2025 SALES AND FINANCIAL DATA Consumer - EMEA Core business growing in Western Europe Solid performance in other EMEA countries Q1 2025 Western Europe: sales excluding LP up 1.7% €798m > Positive sell-out in all countries in the region > Double-digit growth for key categories such as cookware, fl
Slide 14: Consumer - Americas
Q1 2025 SALES AND FINANCIAL DATA Consumer - Americas Sales growth in North America Climatic base effect in South America Q1 2025 €235m North America: positive performance despite uncertain context > Well oriented sell-out in the US and growth in our key categories (cookware and linen - 4.3% care) +
Slide 15: Consumer - Asia
Q1 2025 SALES AND FINANCIAL DATA Consumer - Asia China back to growth Acceleration of growth in other Asian countries Q1 2025 China: noteworthy return to growth €639m > Return to growth in a slightly more supportive macroeconomic and consumer environment + 5.9% > Confirmed market share gains: contin
Slide 16: Q1 ORFA
Q1 2025 SALES AND FINANCIAL DATA Q1 ORFA 24/04/2025 16
Slide 17: Q1 2025 ORFA
Q1 2025 SALES AND FINANCIAL DATA Q1 2025 ORFA Q1-25 Operating Result from €50m > Q1 is traditionally weak for the Consumer Activity (ORFA) - 54.5% vs Q1 2024 business, both in terms of volumes and value… > … making the decline of the Professional business’ contribution more impactful > One-off negat
Slide 18: Outlook for 2025
Q1 2025 SALES AND FINANCIAL DATA Outlook for 2025 24/04/2025 18
Slide 19: Confirmation of our growth scenario for 2025
Q1 2025 SALES AND FINANCIAL DATA Confirmation of our growth scenario for 2025 With a median estimate of the impacts linked to tariffs known to date, several levers have been identified: > Market resilience in EMEA > Growth prospects in Asia, particularly in China, for the full year > Ability to comp
Slide 20: Appendices
Q1 2025 SALES AND FINANCIAL DATA Appendices 24/04/2025 20
Slide 21: Q1 sales by region and business
Q1 2025 SALES AND FINANCIAL DATA Q1 sales by region and business Group Total Consumer sales Professional Consumer 12% 88% Other Asian Countries Western Europe 7% 31% China 31% €1,906m €1,672 - 0.6% LFL + 2.8% LFL South America 4% North America Other EMEA countries 10% 17% 24/04/2025 21
Slide 22: Q1 sales by region
Q1 2025 SALES AND FINANCIAL DATA Q1 sales by region In € million Q1 2024 Q1 2025 As reported LFL EMEA 786 798 + 1.5% + 2.5% Western Europe 515 515 + 0.1% 0.0% Other Asian countries 271 282 + 4.2% + 7.2% AMERICAS 246 235 - 4.3% + 0.1% North America 155 159 + 2.2% + 4.9% South America 90 76 - 15.5% -
Slide 23: Glossary
Q1 2025 SALES AND FINANCIAL DATA Glossary On a like-for-like basis (LFL) – Organic Loyalty program (LP) The amounts and growth rates at constant (or organic) exchange rates and These programs, led by the distribution retailers, consist in promotional offers in a consolidation scope in a given year c
Slide 24: Contacts
Q1 2025 SALES AND FINANCIAL DATA Contacts Analyst / Investor Relations Media Relations Groupe SEB Groupe SEB Image Sept Financial Communication Corporate Communication and Investor Relations Department Department Caroline Simon Claire Doligez Raphaël Hoffstetter Guillaume Baron Cathy Pianon Isabelle
Slide 25: Next key dates 2025
Q1 2025 SALES AND FINANCIAL DATA Agenda Next key dates – 2025 20 May | 2:30 p.m. (Paris time) Annual General Meeting 23 July | after market closes H1 2025 sales and results 23 October | after market closes 9-month 2025 sales and financial data 24/04/2025 25