SOMFY - Annual financial report 2019

07 CONSOLIDATED FINANCIAL STATEMENTS

SEGMENT REPORTING NOTE 3 —

In accordance with the provisions of IFRS 8 “Operating Segments”, the information for each segment set out below is based on the internal reporting process used by General Management to assess performance and allocate resources to the various segments. General Management is the chief operating decision-maker within the meaning of IFRS 8.

Somfy includes entities the business of which comes under the “Home & Building”, “Access” and “Connected Solutions” applications and is structured in two geographic regions. The geographic location of assets was used as sole segment reporting criterion. Management makes its decisions based on this strategic focus using reporting by geographic region as its key analysis tool. The two geographic regions followed in 2019 are: Europe, Middle East & Africa (EMEA); – Asia & Americas (A&A). –

AT 31 DECEMBER 2019

Europe, Middle East & Africa

Asia & Americas

Intra-regional eliminations

Consolidated

€ thousands

1,200,241

Segment sales

1,071,415

217,938 -27,480 190,458 14,687

-89,112 89,112

–

Intra-segment sales

-61,632

1,200,241

Segment sales - Contribution to sales Segment current operating result

1,009,783

– – – – – – – – – –

204,830

190,143

–

Net profit from operations treated in accordance with IFRS 5

–

–

3,846

Share of net profit/(loss) from associates

-6

3,852

220,091 53,307 19,138 95,553 336,533 136,549

Cash flow

206,805 51,489 17,996 94,090 315,155

13,286

Net investments in intangible assets and PPE

1,817 1,142 1,462

New right-of-use assets

Goodwill

Net intangible assets and PPE

21,378 135,852

Investments in associates and joint ventures

697

Current operating result and property, plant and equipment are both impacted by the application of IFRS 16 (see note 1.4.1).

AT 31 DECEMBER 2018

Europe, Middle East & Africa

Asia & Americas

Intra-regional eliminations

Consolidated

€ thousands

1,126,719

Segment sales

1,006,873

203,866 -27,043 176,823 15,517

-84,020 84,020

–

Intra-segment sales

-56,978 949,896 162,328

1,126,719

Segment sales - Contribution to sales Segment current operating result

– – – – – – – – –

177,845

2,630 1,429

Net profit from operations treated in accordance with IFRS 5

–

2,630 1,438 8,176 3,144 2,130 8,485

Share of net profit/(loss) from associates

-9

178,556 57,344 96,225 280,963 132,781

Cash flow

170,380 54,200 94,095 272,477

Net investments in intangible assets and PPE

Goodwill

Net intangible assets and PPE

Investments in associates and joint ventures

703

132,079

93

SOMFY – ANNUAL FINANCIAL REPORT 2019