Strong growth for Groupe Seb

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Groupe SEB

Seb has published its 2015 financial results, that are very positive for the Group despite the critical global situation and the extremely volatile exchange rates. The company sales reached 4,770 million euro, recording an increase of 12.1%, of which 8.0% on a like-for-like basis. Business remained brisk in the fourth quarter, up 9.3%, of which 7.2% on an organic basis, despite tougher market conditions in Brazil and Russia, as anticipated. This robust growth was generated by all regions and all product categories. The sales growth of 12.1% (517 million euro) breaks down as follows: like-for-like growth of 8% (+340 million euro), generated by volumes, prices and the product mix; currency effect of 3.5% (+149 million euro), resulting from the positive impact of the dollar and yuan, notably, and the negative impact of the real, rouble and peso in particular; scope effect of 0.6% (+28 million euro), arising from the integration as from September 1, 2015, of the newly acquired Scandinavian company OBH Nordica.