Groupe SEB reported 2022 sales of €7,960 million, a slight decline of 1.2% compared to 2021, impacted by geopolitical tensions and a 4.7% drop on a like-for-like basis. The Operating Result from Activity (ORFA) fell 24% to €620 million, with a margin of 7.8%. Net profit dropped 30% to €316 million. Notably, free cash flow improved in the second half, generating €663 million, despite a total annual consumption of €20 million. The company proposed a stable dividend of €2.45 per share. For 2023, SEB anticipates a gradual recovery in consumer sales and strong growth in professional sales, although the first quarter is expected to decline.
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SEB S.A. has entered a liquidity agreement with Rothschild Martin Maurel, effective July 1, 2021, for a renewable one-year period. As of December 31, 2022, the liquidity account holds 1,100 shares valued at 1,848,046 euros. No transactions were executed from July 1, 2022, to December 31, 2022, with a total exchanged volume of 0 shares and 0 euros during this period. This contract aligns with European regulations and aims to enhance liquidity in the company's shares.
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Groupe SEB reported a resilient performance in 2022, despite economic challenges including inflation and the Ukraine conflict. Nine-month sales totaled €5,560m, reflecting a slight decline of 0.2%, influenced by high comparisons from 2021. The Operating Result from Activity (ORFA) was €319m, down from €528m in 2021, with a revised full-year revenue guidance of around €7.9 billion. Notably, strong sales performance in China contrasted with declines in France and Germany, which faced market contractions and specific operational challenges. The Group plans a consolidation in the DACH region to enhance competitiveness.
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