SOMFY - Annual financial report 2019

07 CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED INCOME STATEMENT

€ thousands

Notes (4.1.1) (4.1.2)

31/12/19 1,200,241

31/12/18 1,126,719

Sales

Other operating income

20,122

17,967

Cost of sales

-439,181 -359,219 -159,568 262,394 -57,642

-412,683 -342,134 -171,894 217,975 -40,009

Employee expenses External expenses

EBITDA

Amortisation and depreciation charges Charges to/reversal of current provisions

(5.2) & (5.3)

102 -24

-43 -78

Gains and losses on disposal of non-current operating assets

CURRENT OPERATING RESULT

204,830

177,845

Other operating income and expenses

(4.2)

-2,515

2,440

Goodwill impairment OPERATING RESULT

(5.1.1)

-717

-10,143 170,142

201,598

Financial income from investments – Financial expenses related to borrowings –

1,313 -3,308 -1,995 -3,071 -5,066

1,050 -2,299 -1,249 -3,056 -4,305

Cost of net financial debt

Other financial income and expenses

NET FINANCIAL EXPENSE

(7.1)

PROFIT BEFORE TAX

196,533 -37,170

165,837 -29,530

Income tax

(11.1) (13.1)

Share of net profit/(loss) from associates

3,846

1,429

NET PROFIT FROM CONTINUING OPERATIONS

163,209

137,736

NET PROFIT FROM OPERATIONS TREATED IN ACCORDANCE WITH IFRS 5

(2.4)

–

2,630

CONSOLIDATED NET PROFIT Attributable to Group share

163,209 163,227

140,366 140,458

Attributable to Non-controlling interests

-18

-92

Basic earnings per share (€) Diluted earnings per share (€)

(6.2) (6.2)

4.75 4.74

4.09 4.09

81

SOMFY – ANNUAL FINANCIAL REPORT 2019