SOMFY SA (EPA:SO) - SOMFY / SALES FOR THE FIRST NINE MONTHS OF 2021

Transparency directive : regulatory news

19/10/2021 17:40

PRESS RELEASE
19 OCTOBER 2021

                    SALES FOR THE FIRST NINE MONTHS OF 2021

Consolidated sales   2021       2020        Var.         Var.
(EUR millions)                              Real    Like-for-like
                                            terms

First quarter        375.7      291.3      +29.0%      +28.7%
Second quarter       429.3      277.6      +54.7%      +53.4%
Third quarter        348.4      368.3       -5.4%       -7.5%
First nine months  1,153.4      937.2      +23.1%      +21.8%

Somfy reports sales growth for the first nine months of the year, driven by
buoyant activity over the first six months, and despite a slight fall in the
third quarter.

SALES

Group sales totalled EUR1,153.4 million for the first nine months of the
financial year, an increase of 23.1% (up 21.8% on a like-for-like basis)
compared with the same period last year and of 25.8% compared with 2019. Third
quarter sales declined as anticipated and stood at EUR348.4 million, falling
5.4% (down 7.5% on a like-for-like basis) in relation to the same period of the
previous year (EUR368.3 million) but up in comparison with the third quarter of
2019 (EUR301.4 million).

Over the quarter, the hardest hit regions were Northern Europe, Central Europe
and France with sales falling 27.9%, 13.8% and 12.3% respectively on a
like-for-like basis in relation to the previous third quarter, which was marked
by a significant recovery as a result of the improved public health situation
and a catch-up effect following lockdown measures. Despite this unfavourable
base effect and supply chain and logistics pressures during the quarter, sales
remained steady over the period.

Over the first nine months, all regions recorded growth compared with the
previous financial year, driven by the first half-year momentum. The most
significant performances came from North America, Latin America and Africa &
the Middle East which all achieved growth of more than 30% over the period (up
38.0%, 44.7% and 50.9% respectively on a like-for-like basis).

Sales for the equity-accounted Chinese subsidiary Dooya totalled EUR190.5
million over the first nine months of the financial year, a strong increase of
35.2% (up 33.1% on a like-for-like basis, including growth of 43.9% over the
first half and 17.9% over the third quarter). Sales rose in China (up 36.3% on
a like-for-like basis) and in the rest of the world (up 30.9% on a like-for-
like basis).

OUTLOOK

As forecast, the momentum seen over the first half-year subsided in the third
quarter. Pressures on the electronic component and raw material markets which
led to delivery delays against a backdrop of high demand, will continue to have
an impact over the coming months. The Group nevertheless confirms that it
expects sustained growth in sales over the financial year as a whole.

CORPORATE PROFILE

Founded in France in 1969, and now operating in 58 countries, Somfy is the
world leader in window and door automation for homes and buildings.
Pioneer in the connected home, the Group is constantly innovating to guarantee
its users comfort, well-being, and security in the home and is fully committed
to promoting sustainable development.
For 50 years, Somfy has been using automation to improve living environments
and has been committed to creating reliable and sustainable solutions that
promote better living and well-being for all.

CONTACTS

Somfy: Pierre Ribeiro: +33 (0)4 50 40 48 49
Shan: Alexandre Daudin: +33 (0)1 44 50 51 76 /
Alienor Kuentz: +33 (0)1 42 86 82 45

SHAREHOLDERS' AGENDA

Publication of full-year sales: 25 January 2022 (after close of trading)

APPENDIX

Geographical analysis of first quarter sales

Consolidated data      2021      2020       Var.        Var.
(EUR millions)                              Real    Like-for-like
                                            terms

Central Europe         68.1      59.7      +14.1%      +14.4%
of which Germany       56.4      48.7      +15.8%      +15.8%
Northern Europe        46.3      32.7      +41.9%      +41.7%
North America          32.2      26.4      +22.1%      +32.8%
Latin America           5.5       5.2       +5.8%      +23.7%
Total North & West    152.1     123.9      +22.8%      +25.9%
France                114.5      81.7      +40.2%      +30.0%
Southern Europe        34.5      26.6      +29.9%      +30.1%
Africa & the
Middle East            23.8      16.0      +48.7%      +61.7%
Eastern Europe         32.1      28.1      +13.9%      +19.5%
Asia-Pacific           18.8      15.0      +24.8%      +25.2%
Total South & East    223.6     167.4      +33.6%      +30.8%
Group Total           375.7     291.3      +29.0%      +28.7%

Geographical analysis of second quarter sales

Consolidated data      2021      2020       Var.        Var.
(EUR millions)                              Real    Like-for-like
                                            terms

Central Europe         74.5      67.2      +10.9%      +11.3%
of which Germany       59.9      54.5       +9.9%       +9.9%
Northern Europe        58.2      37.8      +54.2%      +52.1%
North America          39.5      23.0      +71.9%      +85.7%
Latin America           5.6       3.0      +86.9%     +104.3%
Total North & West    177.9     131.0      +35.8%      +38.2%
France                123.1      66.4      +85.4%      +71.6%
Southern Europe        42.8      24.1      +77.6%      +77.8%
Africa & the
Middle East            20.8      10.7      +93.7%     +114.1%
Eastern Europe         45.5      30.9      +47.2%      +47.7%
Asia-Pacific           19.3      14.5      +33.2%      +34.2%
Total South & East    251.4     146.6      +71.5%      +67.0%
Group Total           429.3     277.6      +54.7%      +53.4%

Geographical analysis of third quarter sales

Consolidated data      2021      2020       Var.       Var.
(EUR millions)                              Real   Like-for-like
                                            terms

Central Europe         63.4      73.7      -13.9%     -13.8%
of which Germany       49.1      58.6      -16.2%     -16.3%
Northern Europe        32.6      44.4      -26.6%     -27.9%
North America          35.5      32.6       +9.0%      +8.6%
Latin America           6.5       5.1      +27.5%     +31.1%
Total North & West    138.0     155.7      -11.4%     -11.7%
France                 95.9     100.4       -4.4%     -12.3%
Southern Europe        36.3      37.4       -3.0%      -3.5%
Africa & the
Middle East            19.1      18.7       +2.1%      +5.3%
Eastern Europe         39.6      38.1       +3.8%      +4.5%
Asia-Pacific           19.5      18.0       +8.3%      +7.4%
Total South & East    210.3     212.6       -1.1%      -4.5%
Group Total           348.4     368.3       -5.4%      -7.5%

Geographical analysis of sales for the first nine months

Consolidated data      2021      2020       Var.       Var.
(EUR millions)                              Real   Like-for-like
                                            terms

Central Europe        206.0     200.6       +2.7%      +3.0%
of which Germany      165.3     161.8       +2.2%      +2.2%
Northern Europe       137.1     114.8      +19.5%     +18.2%
North America         107.3      82.0      +30.9%     +38.0%
Latin America          17.6      13.3      +32.4%     +44.7%
Total North & West    468.0     410.6      +14.0%     +15.6%
France                333.5     248.4      +34.2%     +24.0%
Southern Europe       113.6      88.1      +28.9%     +28.9%
Africa & the
Middle East            63.7      45.4      +40.1%     +50.9%
Eastern Europe        117.2      97.2      +20.5%     +22.6%
Asia-Pacific           57.5      47.5      +21.1%     +21.2%
Total South & East    685.4     526.6      +30.1%     +26.6%
Group Total         1,153.4     937.2      +23.1%     +21.8%

Reconciliation of changes in sales for the first nine months on a like-for-like
basis and in real terms

Change on a like-for-like basis           +21.8%
Forex impact                               -1.4%
Scope impact                               +2.7%
Change in real terms                      +23.1%

GLOSSARY

Sales: the sales figures refer to the sales amounts generated with customers
outside the Group. They are calculated based on customer location and therefore
the destination of the sales.

Change in real terms: the change in real terms corresponds to the change on an
actual consolidation scope and exchange rate basis.

Change on a like-for-like basis: the change on a like-for-like basis
corresponds to the change at constant consolidation method, consolidation scope
and exchange rates.

Geographic regions: the Group is organised into two geographic divisions, the
first made up of Central Europe, Northern Europe, North America and Latin
America (North & West), and the second made up of France, Southern Europe,
Africa & the Middle East, Eastern Europe and Asia-Pacific (South & East).

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24/01/2023 17:35

SOMFY SA (EPA:SO) - SOMFY / SALES FOR THE FIRST NINE MONTHS OF 2021

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