Posted Jul 21, 2022, 7:00 AMUpdated on Jul 21, 2022 at 7:18 am
At SEB, the context linked to inflation and the war in Ukraine made its effects all the more felt in the first half of the year as 2021 was a record year, with the Covid pushing household equipment. Although the household appliance group’s sales increased by 1.6% to 3.6 billion euros over the first six months of the year, they actually posted a decline of 2.3% at a rate of constant exchange and parities. France suffered particularly, with the market shrinking by 20%.
Among the factors favorable to the overall maintenance of activity is China, which is performing well despite the confinements. And professional products have taken on new colors with the reopening of catering. If they are mainly oriented towards the preparation of coffee, the brand specializing in Krampouz crepe makers has seen its sales increase by 25%. “These two engines of growth are working,” says Stanislas de Gramont, the CEO.