Download the file. - Groupe SEB
Download the file. - Groupe SEB
Download the file. - Groupe SEB
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B U S I N E S S A N D S U S T A I N A B L E D E V E L O P M E N T R E P O R T<br />
2010<br />
FINANCIAL<br />
OVERVIEW<br />
A MARKED INCREASE IN THE OPERATING MARGIN<br />
The Group has seen its operating margin rise steadily over <strong>the</strong> last<br />
five years, despite <strong>the</strong> difficult economic context. Constant<br />
adaptation to market realities is an important key to <strong>the</strong> Group’s<br />
enduring performance.<br />
fINANCING<br />
Beyond <strong>the</strong> exceptional level of 2009, good financial management<br />
has led to a significant overall improvement in <strong>the</strong> working capital<br />
requirement over <strong>the</strong> last five years.<br />
A HEALTHY fINANCIAL POSITION<br />
At <strong>the</strong> end of 2010, <strong>the</strong> level of net debt was at its lowest<br />
in <strong>the</strong> last 15 years. The debt ratio of less than 10% of equity<br />
testifies to <strong>the</strong> financial health and soundness of <strong>the</strong> Group.<br />
HIGHLIGHT<br />
!<br />
TOP TRIBUTE fOR GROUPE <strong>SEB</strong> fINANCIAL MANAGEMENT<br />
Last December, for <strong>the</strong> first time, France’s National Association of Financial Managers and Management Control (DFCG), via its magazine<br />
‘Echanges’ and in partnership with <strong>the</strong> financial daily ‘Les Echos’, ranked French companies for outstanding financial management. The ranking<br />
was based on 1,500 questionnaires sent to leading French listed and unlisted companies. <strong>Groupe</strong> <strong>SEB</strong> was singled out for <strong>the</strong> top award, with<br />
special mention for its risk control management, productivity and financial performance strategy.