SOMFY - Annual Financial Report 2020

05 CONSOLIDATED FINANCIAL STATEMENTS

05

CONSOLIDATED FINANCIAL STATEMENTS

KEY FIGURES

€ millions

31/12/20

31/12/19

Sales

1,257.1

1,200.2

Current operating result Current operating margin Consolidated net profit

260.7 20.7% 213.0 29.6% 274.5

204.8 17.1% 163.2 22.2% 220.1

ROCE

Cash flow

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

64.1

72.0

Shareholders’ equity Net financial debt* Non-current assets Workforce at period end Dividend per share (€) **

1,171.0 -517.7

1,012.8 -310.5

599.8 6,498

598.9 6,067

1.85

1.25

* (-) Net financial surplus. ** The 2019 dividend amount was revised downwards at the General Meeting of 24 June 2020. SALES GROWTH BY CUSTOMER LOCATION —

months (down 7.2% on a like-for-like basis), due to the impact of the Covid-19 pandemic on the construction industry, 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 (respective growth of 23.2% and 12.2% on a like-for-like basis), as well as Northern Europe and North America, which both performed well (respective growth of 9.5% and 6.2% on a like-for-like basis). The other territories were more adversely affected by the health crisis stemming from the pandemic, 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 & Middle East region (respectively recording increases of 1.7% and 1.6% on a like-for-like basis), as well as for Southern Europe and Latin America (respectively down 1.8% and 2.1% on a like-for-like basis). 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.

2018 2019 2020 Change 20/19 1,126.7 1,200.2 1,257.1 +4.7%

Data in € millions

Sales

1,257.1

+4.7%

1,200.2

+6.5%

1,126.7

+3.4%

688.2

+8.2%

+17.6%

585.1

H2

540.6

+4.2%

568.9

615.1

-7.5 %

586.1

+4.9%

H1

+2.7%

2018

2019

2020

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

98

SOMFY – ANNUAL FINANCIAL REPORT 2020