direct/Groupe SEB: Groupe SEB Announces 2004 SALES

ECULLY CEDEX FRANCE, 13.01. 2005 21:28

The announcement distributed by directnews. The issuer is solely responsible for the content of this announcement.
direct/Groupe SEB: Groupe SEB Announces 2004 SALES

Slight sales growth in 2004
Solid 4th Quarter Performance

Attachment to the press release:
http://www.directnews.de/servlets/LoadBinaryServlet/523394/Groupe_SEB_011305.pdf

Economic conditions varied widely in 2004, by both period and region. The year was notably shaped by :
- flat consumer spending in most developed countries ;
- the rapid shift of the small domestic appliance market, focussing further on entry-level and high-end products
- the growing strength of the euro, which reached a record high against most other currencies

In this context, the Group met its objective of a slight growth in sales at constant exchange rates, helped by ongoing expansion in international markets, strong product momentum and the integration of the US-based company All-Clad.

Consolidated sales for the year totaled Euro2,336 million, including a first-time contribution of Euro44 million from All-Clad, consolidated over five months. At constant scope of consolidation, sales would have amounted to Euro2,292 million, a decline of 1% at constant exchange rates and of 2.4% at current exchange rates. The currency effect was a negative Euro34 million. These figures reflect the steady improvement in sales over the year, with several countries enjoying a recovery in the fourth quarter.

Please visit www.groupeseb.com or www.actusnews.com for complete release.

Next press release : 2004 results, on March 1St, 2005

Kontaktinformationen:

Communication Corporate Groupe
Chemin du Petit Bois - BP 172
69134 Ecully cedex France
Tél. 04.72.18.16.40
Fax 04.72.18.15.99
Internet : http://www.groupeseb.com
comfin@groupeseb.com

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