Each brand has a well-defined identity, with a specific values which are reflected in the product offering, features and design, as well as in appropriate communication mechanics.
We remain convinced that our balanced business model, combining profitable growth and a resolutely responsible approach, creates value for all and plays a full part in our contribution to better living in households around the world.
9-month 2020 sales and financial data / Ventes et informations financières 9 mois 2020
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As part of a proactive debt management strategy, in July Groupe SEB renegotiated the €560 million syndicated credit line set up with its partner banks in 2011 with an initial maturity of February 2016.
Taking advantage of highly favourable market conditions for borrowers and partnering with the same pool of seven banks, the Group signed an agreement on 31 July 2014 to set up a new five-year syndicated credit line for €560 million (i.e. the same amount), with two, one-year extension options. The facility is intended to support the Group’s €600 million commercial paper programme, but may also be used for other purposes.
In renewing the facility before maturity, the Group has extended the average maturity of its debt on more favourable terms, thereby strengthening its financial structure and reducing its financing costs.
Note that Groupe SEB’s net debt stood at €532 million at 30 June 2014, with gearing of 36% and a net debt-to-EBITDA ratio of 1.22.
Syndicated credit line renewed before maturity