Berenberg announced on Friday that it had added Seb to its list of preferred mid-cap stocks ("top picks"), as part of the reworking of its list for the month of April.
The analyst says he expects sales of the small electrical appliance manufacturer to accelerate in the coming months, which - combined with lower costs - should support profit margins.
The intermediary has a buy recommendation and a price target of 128 euros.
Berenberg's list includes some 15 stocks, including Kinepolis, TeamViewer, Barco and Elis.
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The world leader in Small Household Equipment, SEB S.A. relies on 35 flagship brands (Tefal, Seb, Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor, etc.) and a broad product portfolio:
- cookware: frying pans, saucepans, pressure cookers, utensils, etc.;
- small culinary appliances: items for electric cooking (deep fryers, rice cookers, pressure cookers, etc.), beverage preparation (coffee makers, kettles, etc.) or food preparation (blenders, food processors, etc.);
- small non-culinary household appliances: linen care equipment (irons, steam generators, steamers, steamers, etc.), vacuum cleaners, fans, and personal care equipment (hairdressing and depilation appliances, etc.).
At the end of 2023, the group operated 41 manufacturing sites worldwide.
Net sales are distributed geographically as follows: Western Europe (34.1%), Europe/Middle East/Africa (15.2%), China (27.9%), Asia (7%), North America (10.9%) and South America (4.9%).
SEB S.A. 
