GROUPE SEB'S U.S. SALES UP 65%.
The company reported that for the period ended March 31, sales were the equivalent of $620.9 million, with euro conversion rates as of April 14. This is a 1 percent increase from sales of $616 million for the year-ago quarter.
In North America, following a difficult 2004, Groupe SEB saw signs of growth in the new year. Sales increased 35 percent to $90 million from $67 million.
U.S. sales increased 65 percent with All-Clad and 9.3 percent excluding All-Clad. The upturn follows two years of decline, reflecting a stabilization in T-Fal sales, a turnaround in the Krups brand led by new products launched in late 2004, and the launch of new-model irons and hand steamers from Rowenta. All-Clad sales alone increased by 15 percent during the quarter to $24 million.
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|Title Annotation:||Groupe SEB North America|
|Publication:||HFN The Weekly Newspaper for the Home Furnishing Network|
|Article Type:||Brief Article|
|Date:||Apr 25, 2005|
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