French kitchenware manufacturer SEB has revised its annual sales and profit forecasts downward for 2025, citing weaker-than-expected demand in Europe and the United States. The company now anticipates an operating profit between €550 million and €600 million, down from a previous forecast of €700 million to €750 million. Consumer confidence in the Eurozone, particularly in France, has hit a two-year low, significantly affecting SEB’s performance. Despite positive sales in Asia and South America, they have not been sufficient to offset declines in Europe and the U.S.
SEB Lowers Profit Forecast Due to Weak Demand in Europe and U.S.
Covering business, markets & economic trends across the European Union and Europe. EUWallStreet delivers timely analysis, data, and insights for investors, corporates, and policy watchers.