Groupe Seb records 9.8% spurt in sales to AED 6.23 billion in H1 2007

World leader in cookware & small domestic appliances seeks to consolidate in MENA region

[ClickPress, Tue Jul 31 2007] The world leader in small domestic equipment, Groupe SEB announced continued growth in its business in the first six months of 2007, in a generally expanding small domestic equipment market. At AED 6.23 billion (€1,231 million), sales were up 9.8% for the period.

“We have grown on the back of organic growth (excluding changes in scope of consolidation and exchange rates) that remained robust, at 9.7%, and that compares to an already strong first-half 2006,” said Rodolphe Lavoise, Export Development Director, Groupe SEB.

“Sales reflected higher volumes, an improved product mix and higher average selling prices. They were led by a few blockbusters, such as cookware, hair dryers, breadmakers and new vacuum cleaner models, as well as by the upturn in several European markets and the Group’s sustained international expansion, especially in South America and in the other countries,” remarked Mr. Lavoise.

The Middle East and North Africa region offers great potential for Groupe Seb’s products. The economic growth the region has been experiencing coupled with the boom in home and property ownership will definitely see Groupe SEB products consolidating their already established market leadership.

Groupe SEB operates in more than 120 countries through its prestige brands - All-Clad, Arno, Calor, Krups, Lagostina, Mirro, Moulinex, Panex, Rowenta, Samurai, Seb, Tefal and WearEver - and has 13,800 employees.

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