Groupe SEB (EPA:SEBF) on Monday lowered its full-year 2025 operating profit forecast to between €550 million and €600 million, down sharply from a prior range of €700 million to €750 million, citing weaker demand in Europe and the United States.
The French small appliances group said Monday that the scenario it anticipated at the end of July “has not materialized at this stage with the expected intensity,” particularly in September, a key month in the third quarter and the start of its high season.
Groupe SEB described the current environment as “uncertain and volatile” and said it was adopting a more cautious stance for the year-end in a context of sustained competition.
The revision reflects softer-than-expected business in Europe and a continued “wait-and-see attitude” in recent weeks among both Consumer and Professional customers in the United States.
Groupe SEB said that despite the success of recent product launches, continued momentum in several European countries, solid performance in Asia, and improvement in South America, these factors were not sufficient in the short term to offset weaker demand in its largest markets.
The company now expects third-quarter sales to show a slight organic decline compared with prior expectations, resulting in lower results for the period.
For full-year 2025, Groupe SEB revised its organic sales growth target to stable to slightly positive, compared with its previous range of 2% to 4% announced in July.
Source :
https://www.investing.com/news/stock-market-news/groupe-seb-lowers-2025-profit-guidance-citing-weaker-demand-in-europe-and-us-4271572
