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CONSOLIDATED 2011 RESULTS – ANOTHER RECORD – BREAKING YEAR

RESULTS_EN
Organic revenue growth of 6.9%
Earnings at an all-time high
€673 million in net debt at 31 December 2011. Healthy financial position.
Proposed dividend of €1.25 per share, a 6.8% increase

Commenting on the 2011 results, Thierry de La Tour d’Artaise, Chairman and Chief Executive Officer of Groupe SEB, said:

“Following 2010, a year in which Groupe SEB’s results reached an exceptional level in markets that were generally buoyant, the environment was more contrasted in 2011. Despite more volatile and complex economic conditions, the Group stayed the course, generating solid business growth, consolidating its positions in a large number of markets and improving its results across the board. Consequently, 2011 was a very good year and I would like to thank all our team members for the important role they played in achieving these results.

In addition to our business performance, 2011 was a year of solid expansion and significant advances for the Group, which pursued – and even accelerated – its development. Among the major highlights of the year: the Moulinex brand was successfully reintroduced in Europe. We strengthened our presence in emerging markets through acquisitions in Colombia, Vietnam and India and widened our capacity for innovation by creating the SEB Alliance investment fund; we diversified our financing sources by launching our inaugural bond issue…

Clearly, 2012 has begun with major uncertainties and challenges around the world. Our goal is to weather this probable period of instability in the best possible conditions while maintaining our medium to long-term vision. The Group is well equipped to adjust to sometimes sudden macro-economic ups and downs. In recent years, we have amply demonstrated our ability to adapt to difficult periods as well as our agility and inventiveness in tough times. I know that I can count on our employees to summon up all their strength so that we can reap all the benefits of our assets and solid business model.”

Read the press release.