SEB SA (LTS:0MGS)

€ 85.425 1 (1.16%) Market Cap: 4.67 Bil Enterprise Value: 7.33 Bil PE Ratio: 11.52 PB Ratio: 1.50 GF Score: 75/100

Q3 2020 SEB SA Earnings Call Transcript

Oct 26, 2020 / 05:00PM GMT

Transcript

Operator

Ladies and gentlemen, welcome to the Groupe SEB conference call. I now hand over to Madam Nathalie Lomon, Senior Executive Vice President, CFO; and Ms. Isabelle Posth, Vice President, Financial Communication and Investor Relations. Madam, please go ahead.

Nathalie Lomon

SEB SA - Senior Executive VP of Finance & CFO

Thank you very much, and good evening, ladies and gentlemen. Welcome to our Q3 2020 earnings release. So 2020 is really, really very atypical year with this unprecedented health crisis that is spreading around the world and that has massive impacts on all areas of the global economy. Against this complicated backdrop, Groupe SEB's operations have been heavily impacted by lockdown measures taken in many countries, by disrupted activities in off-line trade and in the HoReCa industry as well as by the shutdown of up to 25 of our 40 industrial sites at the peak of the crisis in mid- and April. This has, of course, significantly penalized both our consumer and professional businesses, but I will get back to this with more detailed comments in a few

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