Groupe SEB Announces at 150 Million Euros Investment in France – .

Groupe SEB Announces at 150 Million Euros Investment in France – .

ECULLY, France– (COMMERCIAL THREAD) –Regulatory news:

Groupe SEB (Paris: SK) announces an investment of more than 150 million euros in France this year.

With 11 industrial sites in the country, Groupe SEB is very committed to production in France and invests an average of 60 million euros each year.

In addition to the investments mentioned above, Groupe SEB is carrying out two major projects this year:

At the Group’s global headquarters based in Ecully near Lyon, a new Research Center will open very soon and between 150 and 200 researchers will work worldwide. This 12 million euros The investment will make it possible to continue the development of Groupe SEB with the creation of a World Innovation Center for the Small Household Appliances activity. The objective is to bring together, on a single site, the players in the Innovation process, allowing the Group to accelerate the development and launch of its new products. In 2019, the expansion of the surface by an additional 2,500 m2 began, 40% of which will be used for laboratories. The objective of all these investments is in particular to study the behavior and needs of consumers in order to derive strong concepts for new products.

In Hauts-de-France, Groupe SEB has committed around 80 million euros to build a logistics platform at the Alouette business park in Bully-les-Mines. Covering an area of ​​more than 26 hectares, the site will house the future distribution center of more than 100,000 m² for the European markets. The platform should be operational in the first half of 2023.

Next key dates – 2021

October 26th | after market close: Sales and financial data 9 months 2021

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A world reference in small domestic equipment, Groupe SEB has a unique portfolio of 31 major brands including Tefal, Seb, Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor, sold in multi-format distribution. Selling more than 360 million products per year, it deploys a long-term strategy focused on innovation, international development, competitiveness and customer service. Present in more than 150 countries, Groupe SEB achieved sales of 6.9 billion euros in 2020 and employs more than 33,000 people around the world.


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