Groupe Seb sales reached 5 billion euro

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Groupe Seb recorded very satisfying results for 2016. The company sales reached 5 billion euro (+4.8% as reported and +6.1% like-for-like), while operating result from activity was equal to 505 million euro (+18% as reported +47% like-for-like), and net profit was of 259 million euro, recording an increase of 26%. «2016 – commented Thierry de La Tour d’Artaise, chairman and CEO of Groupe SEB – was a year of strategic and transforming acquisitions. Wmf enables us to become the world leader in the high-potential and profitable market of professional coffee machines, significantly strengthens our positions in Germany, and reinforces our global leadership in small domestic equipment. Combined with Emsa, Wmf also gives us critical mass in the world market of kitchen tools and accessories. In its new configuration, Groupe Seb represents more than 6 billion of sales and 600 million of operating result from activity. In 2017 the Group is aiming for further organic sales growth and an increase in its operating result from Aativity, in its former scope as well as in its new configuration. I would like to thank all the teams who worked to achieve these record Group performances and contributed to the successful completion of these acquisitions. Their professionalism and commitment are crucial to our success.»