SOMFY // 2022 Annual Report

05 CONSOLIDATED FINANCIAL STATEMENTS

Detailed information Note 4.2.2

31/12/22

31/12/21

€ thousands

Charge to/reversal of non-current provisions

-2,459 -5,165

1,058 -1,889

Other non-recurring items – Non-current income – Non-current expenses

150

45

-5,315

-1,933

Net gain/(loss) on disposal of non-current assets

-476

-4

OTHER NON-CURRENT OPERATING INCOME AND EXPENSES

-8,099

-835

GOODWILL IMPAIRMENT

-

-

At 31 December 2022, other non-current operating income and expenses notably included a €3.4 million provision for impairment of assets in connection with the Russian-Ukrainian conflict, a €1.6 million loss relating to the settlement of the dispute with Alder Holdings (see Highlights) and €1.4 million in acquisition costs inconnection with the acquisition of the Teleco Automation group. At 31 December 2021, other non-current operating income and expenses mainly consisted of restructuring costs associated with the closure of small distribution operations.

ALTERNATIVE PERFORMANCE MEASURES NOTE 4.3

Change N/N-1 on a like-for-like basis Note 4.3.1

Accounting principle Note 4.3.1.1

The change N/N-1 on a like-for-like basis is calculated by applying the N-1 accounting and consolidation methods and exchange rates to the periods compared and using the N-1 scope for both financial years. The change N/N-1 at actual accounting methods, exchange rates and consolidation scope – or change in real terms – corresponds to the change based on actual accounting and consolidation methods, exchange rates and consolidation scope.

Detailed information Note 4.3.1.2

Sales

Current operating result

At 31/12/22

CHANGE N/N-1 ON A LIKE-FOR-LIKE BASIS

+ 1.6% +0.8% +1.2%

-9.6% +1.7% +0.3%

Forex impact Scope impact

Change in accounting method impact

-

-

CHANGE N/N-1 AT ACTUAL ACCOUNTING METHODS, EXCHANGE RATES AND CONSOLIDATION SCOPE

+3.7%

-7.6%

Current operating margin Note 4.3.2

Accounting principle Note 4.3.2.1 Current operating margin corresponds to current operating result as a proportion of sales (COR/Sales). This indicator measures operating profitability.

Detailed information Note 4.3.2.2 € thousands

31/12/22

31/12/21

Current operating result

278,064

301,056

Sales

1,531,947

1,477,834

CURRENT OPERATING MARGIN

18.2%

20.4%

101

SOMFY – ANNUAL REPORT 2022