Seb delivered very strong organic sales growth in 2015 (+8%, 1pt above our estimate) and a positive organic trend in all geographic areas. *2015 sales:* Seb posted sales of €4,770m (+12.1%). There was a positive currency effect (+3.5% or €149m) attributable to the appreciation of the $ and yuan vs the euro which more than offset the negative impact of the Brazilian real, rouble and peso. The significant positive currency effect seen in H1 15 (€127m) declined in H2 15 (€22m
20 Jan 2016
Very strong organic sales growth in 2015
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Very strong organic sales growth in 2015
SEB SA (SEBS:WBO) | 0 0 1.1% | Mkt Cap: 8,313m
- Published:
20 Jan 2016 -
Author:
Hélène Coumes -
Pages:
3
Seb delivered very strong organic sales growth in 2015 (+8%, 1pt above our estimate) and a positive organic trend in all geographic areas. *2015 sales:* Seb posted sales of €4,770m (+12.1%). There was a positive currency effect (+3.5% or €149m) attributable to the appreciation of the $ and yuan vs the euro which more than offset the negative impact of the Brazilian real, rouble and peso. The significant positive currency effect seen in H1 15 (€127m) declined in H2 15 (€22m