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815059720/piter2121 – stock.adobe.com
Our recommended action for SEB – This small appliances specialist has not escaped the impact of the second quarter China downturn, but it remains resilient in other markets. This would encourage you to stay put.
Autumn is harsh. Although SEB’s share price has remained above 100 euros since the beginning of July, the announcement of the half-year results weighed on the share price, which fell by nearly 8% in the following trading day. The decline even continued to 85.10 euros, a plunge of nearly 20% in less than a month.
Why is there such dissatisfaction? First, organic growth has slowed. Indeed, when she arrived Growth in the first quarter was 7.3%The problem is Asia, and therefore China, which accounts for 80% of the region’s sales, barely broke even from January to March (+0.5%), and in the second quarter it was negative (-0%).
China’s economy slows, but other markets are vibrant
For the half year, turnover reached 3.74 billion euros, an increase of 6.5%. Europe was the group’s leading market, accounting for 41.6% of Billions, an increase of 8.6%, while Americas grew by 12.9%, mainly due to the…
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