SOMFY - Annual financial report 2019

04 MANAGEMENT BOARD MANAGEMENT REPORT

DESCRIPTION OF GROUP ACTIVITIES

Somfy is first and foremost an equipment manufacturer and assembler that designs, assembles and supplies motors and automation solutions (control systems and sensors) for manufacturers and installers who integrate the solution into a carrier product: blind, shutter, door or gate, to then market this, sometimes bespoke, end product within a network or to resellers, or to the installer on a site. Somfy also develops finished products (certain motors, automation products and control systems, connected objects, digital applications) that may be sold by prescribers, networks, retailer installers or resellers, via large specialist and DIY stores, and online, either directly or indirectly.

END USER / CONSUMER

CIM, Promoters

Fitting service

Applicative Know How

Stores / DIY Home decoration / Department stores

e-commerce

Electricians

Installers

Electricians

Installers

Electrical distributors

Electrical distributors

Manufacturers

Manufacturers

Manufacturers

Marketing

e-sales Somfy

Specification

New build: Residential & Non residential

Professional renovation

Do it yourself

SOMFY (R&D, Marketing, Assembly, Distribution, Specification, Sales)

Finally, the products may, by design, be installed indiscriminately in individual homes, small businesses, apartment blocks, office blocks, hotels and collective residences.

ACCESS

WINDOW

TERRACE

RESIDENTIAL HOMES

HOME

ACCESS

TERRACE

SMART HOME

VERTICAL HOUSING

COLLECTIVE ACCESS

INTERIOR APPLICATIONS

EXTERIOR APPLICATIONS

SMART BUILDINGS

NON RESIDENTIAL

This diversity has two consequences. The first is that the markets in which Somfy operates are globalised on account of the size of the main participants, and yet very local as they depend on the uses of a particular building and construction methods. The second is the relative overlapping of Somfy’s different product categories, which gives the Group the option of combining its brands and ranges to provide customers with solutions that incorporate ranges from across all its activities.

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SOMFY – ANNUAL FINANCIAL REPORT 2019