07.12.2012 Views

Download the file. - Groupe SEB

Download the file. - Groupe SEB

Download the file. - Groupe SEB

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

CORPORATE AND SUSTAINABLE DEVELOPMENT REPORT 2007<br />

Interview with <strong>the</strong> Chairman<br />

Thierry de La Tour d’Artaise<br />

HOW DID GROUPE <strong>SEB</strong><br />

DO IN 2007?<br />

“Supor...an exciting<br />

new venture and<br />

a huge opportunity.”<br />

A decidedly good year for <strong>Groupe</strong> <strong>SEB</strong>, 2007 was marked<br />

by excellent trading, completion of our industrial reorganization<br />

in France and our strategic acquisition of a<br />

controlling stake in Supor in China. We thus met and even<br />

exceeded <strong>the</strong> objectives we had set out to achieve.<br />

In terms of trading performance, <strong>the</strong> Group saw 8.6%<br />

organic growth in sales across all product families and in<br />

almost all markets. This reflects revived demand in<br />

Western Europe and our continued rapid advance in<br />

emerging countries, while it vindicates <strong>the</strong> Group’s<br />

economic model based on innovation and enhancing <strong>the</strong><br />

product mix.<br />

Robust growth was <strong>the</strong> main spur behind a rise of almost<br />

15% in our operating margin, to €301 million. Operating<br />

profit (less burdened than in 2006 by provisions for<br />

restructuring) grew 55%, while net income climbed 64%<br />

2

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!