Groupe SEB has recorded sales growth of 23.9% to 3.61 billion Euro (A$5.77 billion) for the first half of 2021 compared to the first half of 2020.
The Americas was the standout region in the group, posting 61.2% sales growth in the half, followed by Europe, the Middle East and Africa (30.7%) and Asia (13.4%).
Australia also recorded solid double-digit growth in the first half, following strong growth in 2020, according to Groupe SEB Australia and New Zealand managing director, Joe Tizzone.
“It is too early to say how the current lockdown will impact the remainder of the year. However, we are confident that we will be able to maintain good momentum,” he told Appliance Retailer.
Groupe SEB chairman and CEO, T. de La Tour d’Artaise said the company’s performance outstripped pre-pandemic levels despite unprecedented supply chain tensions relating to raw materials and components, delays and additional freight costs.
“Our performance was driven by buoyant demand for small domestic appliances and continued momentum in e-commerce,” he said.
“Our consumer business grew faster than the market fueled by all geographies and categories. The quarter also marked a return to growth in our professional division with an improved trend in the professional coffee category.
“In the context of the unstable global health environment, but given the performance of the first half, we anticipate growth to exceed 10% for full year 2021.”