SEB SA lowers 2025 guidance, citing September weakness and market uncertainty

Groupe SEB (OTCPK:SEBYF) has announced a downward revision of its financial outlook for the current fiscal year, citing market uncertainty and weaker performance than previously anticipated.

Q3 sales are now expected to show a slight organic decline, resulting in lower-than-forecasted results. For FY 2025, the Group now anticipates stable to slightly positive organic sales growth (down from the +2% to +4% range announced in July). Operating result from activity is now projected to come in between €550 million and €600 million (significantly lower than the €700 million to €750 million previously forecast).

The scenario the Group expected at the end of July has not materialized, particularly in the critical month of September, which typically marks the start of the high season.

This revision reflects softer-than-expected business in Europe. Furthermore, the Group has been significantly impacted in the United States by a "wait-and-see attitude" from both Consumer and Professional customers in recent weeks.

The company will release additional details when it publishes its third-quarter sales and financial information on October 23 after market close.

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