SOMFY - Half-Year Financial 2020

02 2020 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

CONSOLIDATEDCASHFLOWSTATEMENT

Notes

30/06/20 6 months

30/06/19 6 months

€ thousands

Consolidated net profit

80,909 27,638

91,187 28,135

Depreciation and amortisation of assets (excluding current assets)

Charges to/reversals of provisions for liabilities

303

19 82

Unrealised gains and losses related to fair value movements

-301

Unrealised foreign exchange gains and losses

5,828 3,460

-1,962 2,908 29,181

Income and expenses related to stock options and employee benefits Depreciation, amortisation, provisions and other non-cash items

36,928

Profit on disposal of assets and others Share of net profit/(loss) from associates

109

84

-1,409 1,122

-1,333 -1,708

Deferred tax expense

Cash flow

117,659

117,412

Cost of net financial debt (excluding non-cash items)

929

1,074

Tax expense (excluding deferred tax) Change in working capital requirements

17,207 -38,971 -6,810 90,013

24,231 -53,130 -10,220 79,366

(9.2)

Tax paid

NET CASH FLOW FROM OPERATING ACTIVITIES (A) Acquisition-related disbursements: intangible assets and property, plant and equipment –

-22,679

-24,463

non-current financial assets –

-577

-350

Disposal-related proceeds: intangible assets and property, plant and equipment –

193 346

159

Change in current financial assets

1,169

Acquisition of companies, net of cash acquired

(8.2.2)

-769

-869

Interest received

426

360

NET CASH FLOW FROM INVESTING ACTIVITIES (B)

-23,061

-23,995

Increase in loans

(8.2.2) (8.2.2)

205

2

Repayment of borrowings and lease liabilities Dividends and interim dividends paid*

-7,326

-7,067

— -48,094

Movement in treasury shares

-187

919

Interest paid

-1,481 -8,788 -2,383 55,781 386,190 441,971

-1,685

NET CASH FLOW FROM FINANCING AND CAPITAL ACTIVITIES (C) Impact of changes in foreign exchange rates on cash and cash equivalents (D)

-55,924

1,443

NET CHANGE IN CASH AND CASH EQUIVALENTS (A + B + C + D) CASH AND CASH EQUIVALENTS AT THE START OF THE PERIOD CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD

890

(9.1) (9.1)

253,413 254,304

€43 million in dividends was paid on 2 July 2020 due to the postponement of the Annual General Meeting until the end of June. *

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SOMFY – HALF-YEAR FINANCIAL REPORT 2020