Ahmed Sherif
Research expert covering IT services and gaming hardware
Groupe SEB - statistics & facts
Emerging from the humble confines of a Burgundy tinware workshop in the 1800s, Groupe SEB has orchestrated a remarkable transformation into a powerhouse in the global home appliance industry. As one of the leading manufacturers of household appliances worldwide, the French home appliances company employed over 31 thousand employees worldwide, with around 19 percent of the workforce based in the company’s home country of France. Groupe SEB’s operations span the globe with manufacturing bases in Asia, Europe, and the Americas. The company’s portfolio includes popular renowned brands such Tefal and Krups.
Overall, Groupe SEB’s revenues have consistently hovered around eight billion euros since 2021 and Groupe SEB remains resilient despite the uncertain macroeconomic and geopolitical context. The company expects more widespread growth in mature France and Japan and a gradual year-round recovery in China despite the slow economic recovery.
Western Europe and China driving stable revenues
The household appliance market is large and expected to generate 670 billion U.S. dollars by 2024. It is dominated by six companies that together account for nearly 30 percent of the entire market, with Groupe SEB being the 7th largest and showing a considerable amount of growth in recent years, generating over eight billion euros in revenue in 2023. Most of Groupe SEB’s sales were in Western Europe, accounting for 34 percent of the group’s total revenue share. Next in line is China alone, with a 28 percent share. The company’s growth can be partially attributed to the increased spending on research and development. Moreover, the company’s spending on advertising has also been decreasing in recent years compared to the increase in annual revenues, with advertisement costs standing at nearly 149 million euros in 2023.Groupe SEB decreased consumption
Groupe SEB has, like most large companies, a large greenhouse gas footprint. While it has made consistent attempts to reduce its carbon footprint, the amount of greenhouse gas emissions has remained similar since 2017, standing at 210 thousand tons of CO2 equivalent in 2023. Nonetheless, Groupe SEB’s consumption of raw materials, from metals to heating oil, has decreased significantly in 2023 compared to previous years.Overall, Groupe SEB’s revenues have consistently hovered around eight billion euros since 2021 and Groupe SEB remains resilient despite the uncertain macroeconomic and geopolitical context. The company expects more widespread growth in mature France and Japan and a gradual year-round recovery in China despite the slow economic recovery.
Ahmed Sherif
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Jun 3, 2024
Ahmed Sherif
Research expert covering IT services and gaming hardware
