SOMFY - Annual Financial Report 2020

02 MANAGEMENT BOARD MANAGEMENT REPORT

PRESENTATION OF FINANCIAL STATEMENTS

PARENT COMPANY DATA —

The other territories were more adversely affected by the crisis, due in particular to the unavoidable operational disruption and interruption caused by the lockdown measures in the spring, but showed good resilience over the year as a whole. This was the case for France and the Africa & the Middle East region, as well as for Southern Europe and Latin America. All regions recovered over the second six months and several of them succeeded in offsetting a large proportion of the fall recorded between March and May. Their recovery is all the more encouraging given that it is not based on a period of several weeks, meaning it was merely a question of catching up, but on the entire third and fourth quarters. It also provides evidence of a base trend that was confirmed – even accentuated – by recent events, as a result of the increasingly important role played by the home in everyone’s lives, notably due to the increase in remote working and the development of online services. Sales for the equity-accounted Chinese subsidiary Dooya totalled €201.1 million over the financial year, an increase of 7.3% in real terms and 9.2% on a like-for-like basis. They fell in China, a country severely impacted by the pandemic early in the year, but grew strongly in the rest of the World.

Over the year ended 31 December 2020, Somfy SA generated sales of €3.9 million. Net financial income amounted to €107.7 million, including €105.7 million in dividends paid by the subsidiaries in respect of their net profit for the year to 31 December 2019. Net profit was €101.0 million, after inclusion of a tax income of €2.3 million. CONSOLIDATED DATA — SALES Group sales were €1,257.1 million for the financial year just ended, an increase of 4.7% compared with the previous financial year (up 6.1% on a like-for-like basis). They fell 7.5% over the first six months (down 7.2% on a like-for-like basis), due to the health crisis stemming from the Covid-19 pandemic, and recorded an upturn of 17.6% in the second half-year (up 20.1% on a like-for-like basis). Several regions ended the financial year on a clear positive trend, as was the case for Eastern Europe and Central Europe, which again performed very strongly, as well as Northern Europe and North America, which both performed well.

SALES BY CUSTOMER LOCATION

31/12/20

31/12/19

Change N/N-1 Change N/N-1 on a like-for-like basis

€ thousands

Central Europe

261,044 212,185 146,613 107,127 19,286 534,069 347,444 119,880 60,604 127,187 67,943 723,059

231,716 186,538 134,911 102,972 23,331 492,930 341,548 121,910 64,236 107,099 72,518 707,312

12.7% 13.7%

12.2% 13.7% 9.5% 6.2% -2.1% 9.5% 1.7% -1.8% 1.6% 23.2% -4.3%

of which Germany Northern Europe North America Latin America NORTH & WEST

8.7% 4.0%

-17.3% 8.3% 1.7% -1.7% -5.7% 18.8% -6.3%

France

Southern Europe

Africa & the Middle East

Eastern Europe

Asia-Pacific

SOUTH & EAST TOTAL SALES

2.2% 4.7%

3.7% 6.1%

1,257,128

1,200,241

22

SOMFY – ANNUAL FINANCIAL REPORT 2020