In Q3 19, organic sales growth was strong (+7.7%) and the operating margin from activity was 10% of sales (-0.3pt). In Consumer, organic sales growth slowed in China (+7.5%), reflecting softer demand and a very high comparative in Q3 18 (+26.5%), and was compensated by impressive organic growth in Other EMEA (+21.7%) and the US. For 2019, organic sales growth is downgraded to +6-7% (vs >+7% previously) and the c.6% increase in the operating result from activity is maintained.
30 Oct 2019
Slowdown in China, highlight on Other EMEA
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Slowdown in China, highlight on Other EMEA
SEB SA (SEBS:WBO) | 0 0 1.1% | Mkt Cap: 8,313m
- Published:
30 Oct 2019 -
Author:
Hélène Coumes -
Pages:
3
In Q3 19, organic sales growth was strong (+7.7%) and the operating margin from activity was 10% of sales (-0.3pt). In Consumer, organic sales growth slowed in China (+7.5%), reflecting softer demand and a very high comparative in Q3 18 (+26.5%), and was compensated by impressive organic growth in Other EMEA (+21.7%) and the US. For 2019, organic sales growth is downgraded to +6-7% (vs >+7% previously) and the c.6% increase in the operating result from activity is maintained.