SOMFY - Half-Year Financial 2020
02 2020 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
SEASONALITY NOTE 3.4
The Group generally sees seasonal variations in its activities which could affect, from one half-year to another, the level of sales. As such, interim results are not necessarily indicative of the results that may be expected for the year as a whole. More than half of Somfy’s sales are generated in the first half of the year. However, the 2020 financial year has been disrupted by the health crisis and seasonality effectsare more difficult to measure. SEGMENT REPORTING NOTE 4 — Somfy includes the companies whose activities correspond to the business lines “Exterior”, “Window Fashion”, “Access and Security”, “Controls and Sensors”and “Connected Services”, and is structured aroundtwo geographicregions. The geographic location of assets is used as sole segment reporting criterion. Managementmakes its decisions based on this strategic focus using reporting by geographic region asits key analysis tool. The two geographic regionsare:
North & West; – South & East. –
AT 30 JUNE 2020
North & West South & East Intra-regional eliminations
Consolidated
€ thousands
568,893
Segment sales
251,166
462,151 -143,525 318,626
-144,424 144,424
—
Intra-segment sales
-899
568,893 102,623
Segment sales - Contribution to sales Segment current operating result Share of net profit/(loss) from associates
250,267 33,705
— — — — — — — — —
68,918
1,414
—
1,414
117,659 22,486
Cash flow
28,415
89,244 22,082
Net investments in intangible assets and PPE New rights-of-use assets for the period
404
7,510
2,345 2,572
5,165
94,482 333,096 136,988
Goodwill
91,910 293,830
Net intangible assets and PPE
39,266
Investments in associates and joint ventures
— 136,988
AT 30 JUNE 2019
North & West South & East Intra-regional eliminations
Consolidated
€ thousands
615,118
Segment sales
251,997
515,756 -151,306 364,449
-152,635 152,635
—
Intra-segment sales
-1,329
615,118 114,927
Segment sales - Contribution to sales Segment current operating result Share of net profit/(loss) from associates
250,669 30,760
— — — — — — — — —
84,167
1,333
—
1,333
117,412 24,304 14,079 95,421 332,938 134,213
Cash flow
25,055
92,357 22,862
Net investments in intangible assets and PPE New rights-of-use assets for the period
1,442
11,181
2,898
Goodwill
2,610
92,811 291,027
Net intangible assets and PPE
41,911
Investments in associates and joint ventures
— 134,213
18
SOMFY – HALF-YEAR FINANCIAL REPORT 2020
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