SEB SA FY 2025 ORfA drops 25% to EUR 601m
SEB SA reported FY 2025 sales of EUR 8.17 billion (0.3% organic growth; -1.2% as reported) and Operating Result from Activity (ORfA) of EUR 601 million (-25.0%), with an operating margin of 7.4%. Operating profit was EUR 502 million (-7.0%) and net profit attributable to owners of the parent was EUR 245 million (5.6%). Adjusted EBITDA came in at EUR 854 million (-18.0%), while annual free cash flow was EUR 124 million; net debt at 31/12/2025 was EUR 2.34 billion (up EUR 416 million). SEB SA proposed a stable dividend of EUR 2.80 per share for the General Meeting. In Q4 2025, ORfA was EUR 334 million (-6.7%) with a 13.3% operating margin, and group sales were EUR 2.51 billion (0.9% organic growth). For FY 2025, Consumer sales were EUR 7.18 billion (1.1% organic growth), with EMEA at EUR 3.77 billion (2.0% organic growth), the Americas at EUR 1.05 billion (-4.9% organic decline) and Asia at EUR 2.35 billion (2.7% organic growth), including China sales of EUR 1.88 billion (2.7% organic growth). Professional sales were EUR 995 million (-5.9% organic), with reported growth supported by the acquisition of La Brigade de Buyer in early 2025. Management cited 2025 headwinds from US tariffs, currency volatility and a high comparison base in Professional Coffee, which it said eased in Q4. The group highlighted momentum in cookware and kitchen utensils, floor care and linen care, and said online sales rose by around 10% organically, supported by Direct-to-Consumer. SEB SA also announced the launch in 2026 of its Rebound plan, including a targeted EUR 200 million savings program, and reiterated a medium-term ambition of 5% annual organic sales growth and a 10% operating margin, progressing toward 11%.
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