Somfy // Annual Financial Report 2021

02 MANAGEMENT REPORT

S

1 8;/*1( 3' dj $!$0 $8 ecedI :)$ 8*9 300$8!* / 3;8: #*90*99$# // !/ *09 83;(): ? * !0 -* ', %1 U'380$8/? 1*:$# $!)13/3(*$9 3/#*1(9 V *1 *:9 ! 9$ ( *19: -+$7 !31!$81*1( :)$ #*9639 / 3' 9) 8$9 *1 ecd h L /#$8 3/#*1(9 = 9 /93 38#$8$# :3 6 ? :)$ 9$//$89 ^ dccIccc *1 # 0 ($9 1# ^ fccIccc *1 ;18$!3<$8 /$ !39:9 ;1#$8 8:*!/$ jcc 3' :)$ 3#$ 3' *<*/ 83!$#;8$L 38 8$'$8$1!$I /#$8 3/#*1(9 = 9 !/ *0*1( :3: / 3' ^ dkLg 0*//*31 '830 :)$ 9$//$89 3' :)$ 9) 8$9 U3' =)*!) 30'?M9 638:*31 =3;/# ) <$ $$1 ^ kL h 0*//*31V ;1#$8 :)$ /* */*:? (; 8 1:$$I *1 !311$!:*31 =*:) !306/ *1:9 ';//? !31:$9:$# ? :)$ 9$//$89I 1# /93 8$0 *1$# /* /$ '38 #$'$88$# 6 ?0$1:9L )$ 3;8: 38#$8$# :)$ 683<*9*31 / $1'38!$0$1: 3' *:9 -;#($0$1:I 9;!) :) :K /#$8 3/#*1(9 9)3;/# 6 ? :)$ 3;:9: 1#*1( 03;1:9 3=$# *1 R 8$96$!: 3' #$'$88$# 6 ?0$1:9L 1 $ 8; 8? ecedI -;#($ )$ 8*1( 66/*! :*319 '38 *1:$8*0 0$ 9;8$9 ) # /8$ #? 38#$8$# /#$8 3/#*1(9 :3 6 ? ^ iLi 0*//*31 683<*9*31 U*1!/;#*1( ^ eLl 0*//*31 '38 30'?I 8$!$*<$# *1 68*/ ecedVJ ';1#9 )$/# ? :)$ !31<$1:*31 / 9$7;$9:8 :38 *1 :)$ 03;1: 3' R ^ dc 0*//*31 9)3;/# $ 6 *# :3 :)$ 9$//$89 *1 9$::/$0$1: 3' :)$ / 1!$ 3' :)$ 6;8!) 9$ 68*!$J :)$ :3: / 03;1: 8$0 *1*1( :3 $ 8$!$*<$# ? 30'? *9 R ^ iLk 0*//*31L /#$8 3/#*1(9 66$ /$# :)$ 8;/*1( 31 ei 1; 8? eceeL )$ 683!$$#*1( *9 :);9 9:*// 31(3*1(L 3=$<$8I 31 :)$ 9:8$1(:) 3' :)*9 ' <3;8 /$ 8;/*1(I 30'? 8$0 *19 !31'*#$1: 9 :3 :)$ 3;:!30$ 3' :)*9 /*:*( :*31L : ) 9 7; /*'*$# :)$ 8*9. 9 !31:*1($1: /* */*:? 1# 13 683<*9*31 = 9 8$!3(1*9$# : fd $!$0 $8 ecedL *0*/ 8/?I 13 =8*:$#3=1 3' 8$!$*< /$9 *1 8$96$!: 3' :)$ #$'$88$# 6 ?0$1: = 9 8$!3(1*9$# : fd $!$0 $8 ecedL *1 8$ / :$809 *1 !306 8*931 =*:) :)$ ecdl '*1 1!* / ?$ 8 Q ;1 ''$!:$# ? :)$ 6 1#$0*! Q 8$'/$!:*1( :)$ ;3? 1: 0 8.$:L // 8$(*319 $1#$# :)$ eced '*1 1!* / ?$ 8 8$!38#*1( #3; /$Q#*(*: (83=:)I $>!$6: '38 $1:8 / ;836$I =)*!) = 9 6 8:*!;/ 8/? *06 !:$# ? :)$ !30631$1: !8*9*9I ;: =)*!) 1$<$8:)$/$99 683<$# 8$9*/*$1: U;6 cLjr 31 /*.$Q'38 /*.$ 9*9VL 068$99*<$ 6$8'380 1!$9 =$8$ 8$!38#$# *1 38:) 0$8*! I .$? 8$(*31 '38 :)$ #$<$/360$1: 3' :)$ 83;6I 1# *1 8 1!$I 9 =$// 9 *1 :*1 0$8*! I 3;:)$81 ;836$ 1# '8*! Z :)$ *##/$ 9:L <$8 :)$ '*1 1!* / ?$ 8I :)$ !;88$1!? $''$!: = 9 1$(/*(* /$ 1# :)$ 9!36$ $''$!: = 9 ^ ffLk 0*//*31I 8$68$9$1:*1( :)$ !31:8* ;:*31 3' & 6 8M9:38$9I !3193/*# :$# 9*1!$ d 1; 8? ecedL /$9 3' :)$ $7;*:?Q !!3;1:$# )*1$9$ 9; 9*#* 8? 33? :3: //$# ^ ej h Li 0*//*31 3<$8 :)$ '*1 1!* / ?$ 8I 1 *1!8$ 9$ 3' fjLdr U;6 ffLcr 31 /*.$Q'38Q/*.$ 9*9I *1!/;#*1( (83=:) 3' gfLlr 3<$8 :)$ '*89: ) /'Q?$ 8 1# e h Lgr 3<$8 :)$ 9$!31#VL /$9 =$8$ #8*<$1 ? 3:) )*1 U;6 fcLfr 31 /*.$Q'38Q/*.$ 9*9V 1# :)$ 8$9: 3' :)$ =38/# U;6 f h Lcr 31 /*.$Q'38Q/*.$ 9*9VL

6 8: '830 :)$ :8 19 !:*31 #*9!;99$# 3<$I :)$8$ =$8$ 13 0 :$8* / !) 1($9 :3 :)$ !3193/*# :*31 9!36$ #;8*1( :)$ eced '*1 1!* / ?$ 8L S 1 #$!*9*31 # :$# ef ;1$ ecedI :)$ )*()$9: 3;8: 3' 66$ /I :)$ )/, -- .#)( I #*90*99$# :)$ 66$ / ? 9: '' 3' :)$ !306 1? . ' 0!* *1 :)$*8 #*96;:$ ( *19: -+$7 I :)$8$ ? !31!/;#*1( :)$ ! 9$ 83;(): ? :)$ $06/3?$$9 $'38$ :)$ 8$(*31 / !3;8: 3' / $8:<*//$I :)$ ,# /( & , ( (-. ( L )$ 8;/*1( *99;$# ? :)$ ) 0 & 8? 3;8: 3' 66$ / 31 ed ? ecdl *9 :)$8$'38$ '*1 /L : 9)3;/# $ 13:$# :) : :)$ 3;8: 3' 66$ / #*90*99$# :)$ !/ *09 3' :)$ $06/3?$$9 8$/ :*1( :3 :)$ //$($# #$/* $8 :$ 1.8;6:!? 3' 6*8$/ 1# :)$ 131Q0 :$8* / # 0 ($ ! ;9$# 9 8$9;/: 3' 1>*$:?I #*9 663*1:0$1: 1# <$> :*31I 1# :)$*8 !/ *09 '38 !306$19 :*31 :3: //*1( ^ kLe 0*//*31I 9 =$// 9 :)$ 8$7;*8$0$1: '38 30'? :3 8$6 ? :)$ #< 1!$ 6 ?0$1:9 0 #$ ? :)$ 993!* :*31 :) : ;1#$8=8*:$9 9 / 8? #$ :9 U Q --) # .#)( , (.# - , ( - & ,# & - V ;6 :3 0 >*0;0 3' ^ eLl 0*//*31 93;(): ? :)$ /*7;*# :38 3' 6*8$/L )$ 683!$$#*1(9 $'38$ :)$ 3;8 3;8: 3' / $8:<*//$I #*90*99$# *1 ecdi 1# ecdk 1# *1<3/<*1( :)$ $06/3?$$9 !31:$9:*1( :)$ (83;1#9 '38 :)$*8 8$#;1# 1!? 1# !/ *0*1( # 0 ($9 3' 1 03;1: 9; 9: 1:* //? 9*0*/ 8 :3 :)$ 03;1: !/ *0$# *1 :)$ 683!$$#*1(9 $'38$ :)$ 8$(*31 / !3;8: 8$ 9:*// 31(3*1(L )$ 83;6 !31:*1;$9 :3 7; /*'? :)$ 8*9. 9 !31:*1($1: /* */*:? 1# 13 683<*9*31 = 9 8$!3(1*9$# : fd $!$0 $8 ecedL <$8 :)$ ?$ 8 $1#$# fd $!$0 $8 ecedI 30'? ($1$8 :$# 9 /$9 3' ^ gLi 0*//*31L $: '*1 1!* / *1!30$ 03;1:$# :3 ^ dleLd 0*//*31I *1!/;#*1( ^ dklLf 0*//*31 *1 #*<*#$1#9 6 *# ? :)$ 9; 9*#* 8*$9 *1 8$96$!: 3' :)$*8 1$: 683'*: '38 :)$ ?$ 8 :3 fd $!$0 $8 ececL $: 683'*: = 9 ^ dkgL h 0*//*31I ':$8 *1!/;9*31 3' : > *1!30$ 3' ^ eLe 0*//*31L S 83;6 9 /$9 =$8$ ^ dIgk *//*31 '38 :)$ eced '*1 1!* / ?$ 8I 1 *1!8$ 9$ 3' djLir !306 8$# =*:) :)$ 68$<*3;9 '*1 1!* / ?$ 8 U;6 d h Ljr 31 /*.$Q'38Q/*.$ 9*9VL )$? *1!/;#$# 9*(1*'*! 1: (83=:) 3' gcLkr 3<$8 :)$ '*89: ) /'Q?$ 8I 1# #$!/*1$ 3' h Lcr 3<$8 :)$ 9$!31# 31 /*.$Q'38Q/*.$ 9*9I : .*1( *1:3 !!3;1: :?6*! / !306 8*931 9$9 *1 ececL 83;6 9 /$9 8$!38#$# (83=:) 3' efLdr PRESENTATION OF FINANCIAL STATEMENTS S

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SOMFY – ANNUAL FINANCIAL REPORT 2021