H1 16 earnings: Sales reached €2,164m (+2.4%). There was a significant negative currency effect (-€96m) due principally to the depreciation of various currencies of the emerging countries against the euro. Organic sales growth was significant (+6% vs +8.7% in H1 15) thanks to a positive contribution from all product categories, in particular vacuum cleaners, home comfort, beverage preparation and electrical cooking. Organic sales grew in two geographic areas (+13.1% in Asia, o/w +17
25 Jul 2016
Dynamic growth, margin improvement
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Dynamic growth, margin improvement
SEB SA (SEBS:WBO) | 0 0 1.1% | Mkt Cap: 8,313m
- Published:
25 Jul 2016 -
Author:
Hélène Coumes -
Pages:
3
H1 16 earnings: Sales reached €2,164m (+2.4%). There was a significant negative currency effect (-€96m) due principally to the depreciation of various currencies of the emerging countries against the euro. Organic sales growth was significant (+6% vs +8.7% in H1 15) thanks to a positive contribution from all product categories, in particular vacuum cleaners, home comfort, beverage preparation and electrical cooking. Organic sales grew in two geographic areas (+13.1% in Asia, o/w +17