Download the file. - Groupe SEB
Download the file. - Groupe SEB
Download the file. - Groupe SEB
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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 />
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