SOMFY - Annual Financial Report 2020

05 CONSOLIDATED FINANCIAL STATEMENTS

The most striking performances were recorded by Eastern Europe and Central Europe (respective growth of 26.3% and 17.8% on a like-for-like basis) – regions that had ended the first half-year on an already very positive note, as well as Northern Europe, North America, France, Southern Europe, and Africa & the Middle East (respective growth of 24.8%, 22.8%, 22.5%, 21.1% and 16.5% on a like-for-like basis) – regions that were hard hit by the virus at the peak of the pandemic and which have subsequently bounced back strongly. Another positive is that the recovery was not based on just a few weeks, which would simply be a matter of catching-up, but was spread over the entire second half-year (up 20.1% on a like-for-like basis in total, comprising 24.2% growth in the third quarter and 15.7% in the fourth). It also provides evidence of a base trend that was confirmed – even accentuated – by the pandemic, as a result of the increasingly important role played by the home in everyone’s lives, due to the increase in remote working and the development of online services. Sales of the equity-accounted Chinese subsidiary Dooya totalled €201.1 million over the financial year, an increase of 7.3% (up 9.2% on a like-for-like basis, comprising a drop of 3.8% over the first half-year and an increase of 20.5% over the second). Like-for-like sales fell 1.2% in China, a country severely impacted by the pandemic early in the year, but grew in the rest of the World (up 18.6% on a like-for-like basis).

1,257.1

261.0

12.7% 12.2%

CENTRAL EUROPE

1,200.2

231.7

146.6

8.7% 9.5%

NORTHERN EUROPE

134.9

107.1

4.0% 6.2%

NORTH AMERICA

103.0

19.3

-17.3% -2.1%

LATIN AMERICA

23.3

347.4

1.7% 1.7%

FRANCE

341.5

119.9

SOUTHERN EUROPE

TOTAL SALES

-1.7% -1.8%

121.9

4.7% 6.1%

60.6

AFRICA & THE MIDDLE EAST

-5.7% 1.6%

64.2

127.2

EASTERN EUROPE

18.8% 23.2%

107.1

67.9

ASIA-PACIFIC

-6.3% -4.3%

72.5

31/12/20 31/12/19

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

99

SOMFY – ANNUAL FINANCIAL REPORT 2020