SOMFY - Annual financial report 2019

07 CONSOLIDATED FINANCIAL STATEMENTS

In contrast, the trend remained negative in Africa & the Middle East (down 2.5%), although it improved significantly over the second half-year, due in particular to the recovery seen in the Persian Gulf countries and Turkey. Sales of the now equity-accounted Dooya totalled €187.5 million over the financial year, an increase of 9.3% in real terms and 8.2% on a like-for-like basis. This reflects the resilience of business in China (up 9.9%), in view of the local environment, and continued strong Export growth (up 6.7%). 341.5

5.3% 5.2%

1,200.2

FRANCE

324.5

1,126.7

186.5

4.6% 4.6%

GERMANY

178.3

134.9

12.0% 12.1%

NORTHERN EUROPE

120.5

152.3

15.8% 15.3%

CENTRAL & EASTERN EUROPE

131.5

121.9

2.3% 1.7%

SOUTHERN EUROPE

119.2

64.2

AFRICA & MIDDLE EAST

-4.4% -2.5%

TOTAL SALES

67.2

6.5% 6.1%

57.6 54.8

ASIA-PACIFIC (EXCLUDING CHINA)

5.0% 3.0%

14.9 13.7

8.6% 6.8%

CHINA

103.0

10.0% 4.5%

NORTH AMERICA

93.6

23.3 23.3

0.3% 6.7%

CENTRAL & SOUTH AMERICA

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

31/12/19 31/12/18

77

SOMFY – ANNUAL FINANCIAL REPORT 2019