Groupe SEB Third-Quarter Revenue Rises 19 Percent

ECULLY CEDEX, France-Fueled by rising demand in emerging economies, Groupe SEB was able to overcome weakness in other major markets to post a 19 percent increase, on a dollar basis, in revenue in the third quarter.

The company's sales totaled $1.3 billion worldwide in the quarter (using average currency conversion rates of the euro to the dollar for the quarter), which ended on Sept. 30. Most of the gains occurred in South America--thanks to a contribution by Imusa, which Groupe SEB acquired earlier this year--and the Asia-Pacific region, where the company reported strong demand in all of its host markets. Among product categories, small electrics were a star performer in this region, Groupe SEB said.

Sales in North America on a dollar basis totaled $140.6 million, roughly flat with the third quarter of last year. Groupe SEB said consumer spending fell sharply in the United States. Cookware proved to be a challenging category due to price competition, but this was offset by stronger sales in the Rowenta brand of garment-care products and the Krups brand of small electrics. Imusa USA also contributed revenue to this region.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover


    August 2017

    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.