Groupe SEB
Q1 results likely to confirm positive trend
Groupe SEB (BUY, TP EUR144.5) We expect Groupe SEB’s Q1 results, due out on 27 April, to confirm the positive trend from 2016. Our estimates […]
Upgrade to BUY, target price raised to EUR144.5
Groupe SEB (BUY, from Neutral, TP EUR144.5 from EUR124.5) In its FY 2016 results this morning Groupe SEB announce sales up 4.8% to EUR4.997bn, in […]
Revenue in line with estimates, margins higher
Groupe SEB (Neutral, EUR124.5) Groupe SEB yesterday announced Q3 sales in line with our estimates and consensus: EUR1.204bn against EUR1.201bn. Q3 organic growth came in at 6.5%, […]
Strong margins drive upgrade
Groupe SEB (Neutral from Sell, TP EUR124.5 from EUR89.5) In its Q2/H1 results call yesterday Groupe SEB announced sales up 2.5% to EUR1.049bn, while margins beat our […]
Q2 group margin beats estimate
Groupe SEB (Sell, TP EUR89.8) Groupe SEB released today Q2/H1 results. Q2 sales at EUR1.024bn (+2.5% YOY) were lower than both our (EUR1.028bn) and consensus estimates […]
Solid H1 results
Groupe SEB (Sell, TP EUR89.8) Groupe SEB will announce H1 results on 25 July. We expect sales up 1.4% to EUR2.143bn, led by solid growth in […]
WMF acquisition already priced in
Groupe SEB (Sell, TP EUR89.8, from EUR85.8) Groupe SEB has acquired Germany group WMF from KKR for EUR1.02bn plus debt of EUR565m at 31 December […]
Groupe SEB (Sell, TP EUR85.0)
Acquisition of German Group WMF Groupe SEB announced yesterday after market close to have signed an agreement with KKR for the acquisition of German group […]