Groupe SEB (0MGS.L,SEBYF.OB), a financial services group, reported Tuesday that its fiscal 2016 profit attributable to owners of the parent climbed 25.6 percent to 259 million euros from 206 million euros last year.
Earnings per share grew 24.4 percent to 4.14 euros from 5.15 euros last year.
Sales increased 4.8 percent to 5 billion euros from 4.77 billion euros a year ago. On a like-for-like basis, sales grew 6.1 percent.
Further, the company said its the Board of Directors, meeting on February 17, decided to propose to the Annual General Meeting of May 11, 2017 the distribution of a dividend of €1.72 per share in respect of the 2016 financial year, an increase of 11.7%.
Looking ahead, Thierry de La Tour d'Artaise, Chairman and Chief Executive Officer of Groupe SEB, said, "In 2017 the Group is aiming for further organic sales growth and an increase in its Operating Result from Activity, in its former scope as well as in its new configuration."
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