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