SOMFY - Annual Financial Report 2020

05 CONSOLIDATED FINANCIAL STATEMENTS

SEGMENT REPORTING NOTE 3 —

In accordance with the provisions of IFRS 8 – Operating Segments, the information for each segment set out below is based on the internal reporting process used by General Management to assess performance and allocate resources to the various segments. General Management is the chief operating decision-maker within the meaning of IFRS 8.

Following the new organisation put in place on 1 January 2020, Somfy now includes entities whose activities correspond to the business lines “Exterior”, “Window Fashion”, “Access and Security”, “Controls and Sensors” and “Connected Services”, and is structured around two geographic regions. The geographic location of assets was used as sole segment reporting criterion. Management makes its decisions based on this strategic

focus using reporting by geographic region as its key analysis tool. Since 1 January 2020, the two geographic regions followed are: North & West (Central Europe, Northern Europe, North America and Latin America); – South & East (France, Southern Europe, Africa & the Middle East, Eastern Europe and Asia-Pacific). – 2019 data have been restated.

AT 31 DECEMBER 2020

North & West South & East Intra-regional eliminations

Consolidated

€ thousands

1,257,128

Segment sales

527,372 1,059,028

-329,272 329,272

–

Intra-segment sales

-2,566

-326,706 732,322 192,953 10,858 224,858 59,740 91,771 297,554 145,471

1,257,128

Segment sales - Contribution to sales Segment current operating result Share of net profit/(loss) from associates

524,806 67,725

– – – – – – – –

260,678 10,858 274,493 64,133 94,390 334,071 145,471

–

49,635

Cash flow

Net investments in intangible assets and PPE (including IFRS 16)

4,392 2,619

Goodwill

Net intangible assets and PPE

36,517

Investments in associates and joint ventures

–

AT 31 DECEMBER 2019

North & West

South & East Intra-regional eliminations

Consolidated

€ thousands

1,200,241

Segment sales

483,298

991,801 -272,651 719,150 152,841 183,791 57,025 92,813 295,879 136,549 3,846

-274,859 274,859

–

Intra-segment sales

-2,208

1,200,241

Segment sales - Contribution to sales Segment current operating result Share of net profit/(loss) from associates

481,091 51,990

– – – – – – – –

204,830

3,846

–

220,091 71,969 95,553 336,533 136,549

Cash flow

36,300 14,945

Net investments in intangible assets and PPE (including IFRS 16)

Goodwill

2,739

Net intangible assets and PPE

40,654

Investments in associates and joint ventures

–

115

SOMFY – ANNUAL FINANCIAL REPORT 2020