SOMFY // 2022 Annual Report

06 PARENT COMPANY FINANCIAL STATEMENTS

– employees are entitled to a lump sum benefit on reaching a given retirement age and are still employed by the entity in question at that date; – the amount of the retirement benefit awarded to an employee depends on that employee’s length of service with the entity and is capped at a number of years’ consecutive service. IFRS-IC concluded that an entity should attribute the entitlement to retirement benefits to each year during which an employee serves with effect from the date on which the obligation first arises and not over the entire period of employment. These provisions apply in full to the national collective bargaining agreement for themetallurgical industry. In light of the above and of actuarial assumptions appropriate to SOMFY SA, the provision for retirement benefits stood at €366 thousand at 31 December 2022. CONSOLIDATING ENTITY — As of 31 December 2022, SOMFY SA is a 52.85%-subsidiaryof the company J.P.J.S. which is the consolidating parent company. Following the squeeze-out on 9 February 2023 (see Post-balancesheet events), J.P.J.S. now holds 69.99% of the share capital of SOMFY SA. NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS AT 31 DECEMBER 2022 — OPERATING ITEMS NOTE 1 — SOMFY SA sales for the year to 31 December 2022 were €4.6 million, an increase compared with the previous year. The operating loss was €11.1 million, compared with a loss of €9.9 million in 2021.

SALES BREAKDOWN NOTE 1.1

€ thousands France

2,744 1,257

European Union

Non-EU

641

TOTAL

4,641

DIRECTORS’ REMUNERATION NOTE 1.2

€ thousands Remuneration allotted – to members of management bodies

1,602 1,682

– to members of supervisory and administrative bodies

Pension commitments subscribed

366

WORKFORCE AT 31 DECEMBER 2022 NOTE 1.3

Male

Female

Total

10

Managers & executives

7

3

In respect of 2022, the average headcount of managers & executives was 10, against 11 in 2021. FINANCIAL ITEMS NOTE 2 — The net financial income of the SOMFY SA holding company was €236.1 million, compared with €192.1 million in 2021, an increase of €44.0 million. Dividends received amountedto €241.3 million and increased by €52.0 million. EXTRAORDINARY ITEMS NOTE 3 — Net extraordinary loss was €1,580 thousand compared with a profit of €4 thousand in 2021.

141

SOMFY – ANNUAL REPORT 2022