SOMFY // 2022 Annual Report

05 CONSOLIDATED FINANCIAL STATEMENTS

Classification as a discontinued operation takes place at the time of sale or earlier if the activity meets the criteria for classification as held for sale. When an activity is classified as a discontinued operation, the comparative statement of comprehensive income is restated as if the entity had met the criteria for classification as a discontinued operation from the start of the comparative period.

DISCONTINUED OPERATIONS A discontinued operation is a component of Group activities whose business and cash flows are clearly separate from the remainder of the Group and: – represents either a separate major line of business or a geographical area of operations; – is part of a single coordinated plan to dispose of a separate major line of business or geographical area of operations; or – is a subsidiary acquired exclusively with a view to resale.

The Group did not undertake any transactions falling withinthe scope of IFRS 5 in 2021 or 2022. SEGMENT REPORTING NOTE 3 — ACCOUNTING PRINCIPLES NOTE 3.1

In accordance with the provisions of IFRS 8 – Operating Segments, the information for each segment set out below is based on the internal reporting process used by General Management to assess performance and allocate resources to the various segments. General Management is the chief operating decision-maker within the meaning of IFRS 8.

DETAILED INFORMATION NOTE 3.2

SOMFY includes the companies whose activities correspond to the business lines “Exterior”, “Window Fashion”, “Access and Security”, and “Connected Services”, and is structured around two geographic regions. The geographic location of assets was used as sole segment reporting criterion. Management makes its decisions based on this strategic focus using reporting by geographic region as its key analysis tool. The two geographic regions followed are: – North & West (Central Europe, Northern Europe, North America and Latin America); – South & East (France, Southern Europe, Africa & the Middle East, Eastern Europe and Asia-Pacific). Countries in these two geographical regions have similar economic characteristics in terms of products and services offered, categories of customers, distribution channels, prospecting methods and tools, logistical flows, regulatory constraints in relation to product safety, analytical reportingof performance, internal procedures and so on. Countries are also grouped together based on internal organisation and separation of responsibilities across geographical regions, with operational decision-makersresponsible for performance and growth within their respectiveregions.

AT 31 DECEMBER 2022

North & West South & East Intra-regional eliminations

Consolidated

€ thousands

1,531,947

Segment sales

593,366

1,276,477 -336,073

-337,897 337,897

Intra-segment sales

-1,824

-

1,531,947

Segment sales - Contribution to sales Segment current operating result

591,543 88,676

940,404 189,388 24,659 227,070 99,657 189,064 459,250 193,142

- - - - - - - -

278,064 24,659 285,232 107,330 191,686 497,474 193,142

Share of net profit/(loss) from associates and joint ventures

-

Cash flow

58,162

Net investments in intangible assets and PPE (including IFRS 16)

7,674 2,622

Goodwill

Net intangible assets and PPE

38,224

Investments in associates and joint ventures

-

SOMFY has adjusted its North & West and South & East sales figures to reflect the effects of hyperinflation in Argentina and Turkey by -€0.04 million and +0.29 million respectively (see note 2.2.2).

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SOMFY – ANNUAL REPORT 2022