SOMFY // 2022 Annual Report

06 PARENT COMPANY FINANCIAL STATEMENTS

MARKET VALUE OF DERIVATIVES NOTE 15 — FOREIGN EXCHANGE RISKS NOTE 15.1

The Group’s exposure to foreign exchange risk is primarily related to its operational activities (intragroup sales of manufactured products distributed by commercial subsidiaries outside the Euro zone, these sales being denominated in local currencies and purchases denominated in local currencies). Subsidiaries’ hedges in these areas are made through the parent company SOMFY SA. Commercial transactions are covered for a period of less than 12 months. The main hedging instruments usually used by the company are forward purchases and sales.

Foreign exchange hedges by currency

Contract nominal value

Of which fair value recognised under items of other comprehensive income

31/12/22 € thousands

Sales

Purchases

Net total 16,501 14,025 -3,351 -6,215 -3,036 -13,652 -5,735 -13,902 -5,853 -21,218

Total fair value

USD CNY CHF CAD PLN AUD GBP ILS

16,501 14,025

- -

-474 -482

-474 -482

- - - - - -

-3,351 -6,215 -3,036 -13,652 -5,735 -13,902 -9,921 -55,812

6

6

424 269

424 269

-208

-208

299 217 168 221

299 217 168 221

Other currencies

4,068

34,594

Contract nominal value

Of which fair value recognised under items of other comprehensive income

31/12/21 € thousands

Sales

Purchases

Net total -15,186 -10,911

Total fair value

USD CNY CHF CAD NOK AUD GBP ILS

- -

-15,186 -10,911

377 461

377 461

1,936 3,265 3,498 3,524 5,764 9,580 8,700

6,170 3,265 3,498 3,524 5,764 9,580

-4,234

-100

-100

- - - - -

-88

-88

-218

-218

29 14

29 14

-162

-162

Other currencies

11,428 43,230

-2,729

-80 232

-80 232

-33,060

10,170

148

SOMFY – ANNUAL REPORT 2022