Groupe Seb closed the first quarter of 2015 with a good trend. The Group’s revenue increased by 15.8%, reaching 1,089 million euro, boosted by a 60 million euro positive currency effect. Like-for-like growth stood at 9.4%, with gains in almost every region.
Operating result from activity, net of a 15 million euro negative currency impact, amounted to 92 million euro, far exceeding the 50 million euro reported in first-quarter 2014. At constant exchange rates, operating result from activity reached 107 million euro.
Net debt at 31 March 2015 stood at 357 million euro, down 96 million euro from year-end 2014, reflecting the good level of cash generated over the period.
Analyzing the single markets results, the best performance has been recorded by Pacific Asia, where the like-for-like revenue growth was of 15.1%. Central Europe, Russia and other countries increased by 13.4%, while French markets shows a 11.9% growth. In the other Western Europe Countries revenue rose, instead by 0,7%.
