In 2017, the market conditions were ideal for Seb which had impressive organic sales growth (+9.2%), and will be difficult to replicate in 2018, and an increase in the operating result from the activity by 0.8pt of sales excluding WMF. The integration of WMF with a lower operating margin than Group Seb weighed on the overall performance. 2017 was a busy year in terms of reorganisation at WMF. It should pay-off in 2018-19.
02 Mar 2018
Ideal conditions for strong results in 2017
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Ideal conditions for strong results in 2017
SEB SA (SEBS:WBO) | 0 0 1.1% | Mkt Cap: 8,313m
- Published:
02 Mar 2018 -
Author:
Hélène Coumes -
Pages:
3
In 2017, the market conditions were ideal for Seb which had impressive organic sales growth (+9.2%), and will be difficult to replicate in 2018, and an increase in the operating result from the activity by 0.8pt of sales excluding WMF. The integration of WMF with a lower operating margin than Group Seb weighed on the overall performance. 2017 was a busy year in terms of reorganisation at WMF. It should pay-off in 2018-19.