SOMFY - 2021 Half-year financial report

02 2021 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

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DIVIDENDS AND EARNINGS NOTE 8 PER SHARE

HIGHLIGHTS NOTE 1 15

Note 1.1 15 Note 1.2 15 Note 1.3 15 Note 1.4 15 Note 1.5 15

Health crisis and pressure on procurement

Note 8.1 23 Note 8.2 23

Dividends

Change of governance

Earnings per share

Acquisition of Répar’stores

Changes to the consolidation scope

FINANCIAL ITEMS NOTE 9 24

Contingent liabilities

Note 9.1 24 Note 9.2 24

Net financial income/(expense) Financial assets and liabilities

POST BALANCE-SHEET EVENT NOTE 2 16 ACCOUNTING RULES NOTE 3 AND METHODS 16 Compliance with accounting standards Note 3.1 16 Judgements and estimates Note 3.2 16 New applicable standards and interpretations Note 3.3 16 Seasonality Note 3.4 17 ACQUISITION OF RÉPAR’STORES NOTE 4 17 SEGMENT REPORTING NOTE 5 18 PERFORMANCE-RELATED DATA NOTE 6 19 Sales by customer location Note 6.1 19 Other non-current operating income and Note 6.2 expenses 19 Alternative performance measures Note 6.3 19 Inventories Note 6.4 20 Trade receivables Note 6.5 20 Other non-current and current receivables Note 6.6 20

26

ANALYSIS OF CASH FLOW NOTE 10 STATEMENT

Note 10.1 26 Note 10.2 26

Cash and cash equivalents

Change in working capital requirements Business acquisitions and disposals net of cash

Note 10.3

26

acquired or disposed of

26

PROVISIONS AND CONTINGENT NOTE 11 LIABILITIES

Note 11.1 26 Note 11.2 27

Provisions

Contingent liabilities

WORKFORCE NOTE 12 27 INCOME TAX NOTE 13 27

28

INVESTMENTS IN ASSOCIATES NOTE 14 AND JOINT VENTURES AND RELATED PARTIES

Note 14.1 28 Note 14.2 28

Investments in associates and joint ventures

Related-party disclosures

INTANGIBLE ASSETS NOTE 7

21

AND PROPERTY, PLANT AND EQUIPMENT Goodwill and impairment test

LIST OF CONSOLIDATED ENTITIES NOTE 15 29

Note 7.1 21 Note 7.2 21 Note 7.3 22

Other intangible assets

Property, plant and equipment

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SOMFY – HALF-YEAR FINANCIAL REPORT 2021