SOMFY SA (EPA:SO) - Somfy / Sales for financial year 2016

Transparency directive : regulatory news

26/01/2017 17:45

PRESS RELEASE
26 JANUARY 2017

                          2016 FULL-YEAR SALES

                                                        Var.          Var.
Consolidated sales (EUR millions)    2016     2015   Real terms  Like-for-like

First quarter                       265.5    247.1     +7.4%        +11.9%
Second quarter                      322.0    300.7     +7.1%        +12.2%
Third quarter                       276.7    265.0     +4.4%         +7.1%
Fourth quarter                      267.5    248.4     +7.7%         +9.5%
Full year                         1,131.7  1,061.1     +6.7%        +10.2%

Group sales totalled EUR1,131.7 million for the year just ended, an increase of
6.7% in real terms compared with the same period last year, despite material
negative exchange rate(1) and consolidation scope(2) effects. Its growth was
10.2% on a like-for-like basis, including 12.1% in the first half-year and 8.2%
in the second.

The growth seen over the second part of the financial year is all the more
remarkable as it demonstrates an acceleration at the end of the period (up 7.1%
and 9.5% respectively on a like-for-like basis in the third and fourth
quarters), in spite of an increasingly unfavourable base effect as the
half-year went on(3), and followed a particularly dynamic start to the year (up
11.9% and 12.2% respectively on a like-for-like basis in the first and second
quarters).
Another source of satisfaction was that all activities and geographic
regions(4) posted growth for the second consecutive year.

(1) The currency fluctuations recorded year-to-year reduced Group sales by
EUR18.4 million during the 2016 financial year.
(2) The companies that exited the consolidation scope contributed EUR19.0
million to Group sales during the 2015 financial year and the newly- acquired
companies contributed EUR1.5 million to sales during the 2016 financial year.
(3) Group sales grew by 0.8%, 4.7%, 8.2% and 9.3% respectively on a
like-for-like basis over the first, second, third and fourth quarters of the
2015 financial year.
(4) Germany, America, Asia Pacific, Central and Eastern Europe, Northern
Europe, Southern Europe and France are all considered as autonomous geographic
regions in the sales breakdown, due to their respective scopes and
weightings.

The most noteworthy performances were achieved in America, Central and Eastern
Europe, Asia-Pacific and Southern Europe(5) (up 16.8%, 16.0%, 13.8% and 10.9%
respectively on a like-for-like basis). They illustrate the vitality of the new
territories, as seen in Poland, the Czech Republic, China, India, Turkey and
the countries of the Levant, and they also testify to the recovery of
historical markets such as the United States, Italy and the Iberian
Peninsula.
Growth was lower, yet nonetheless very positive in Germany and France (up 7.2%
and 6.9% respectively on a like-for-like basis over the financial year), as
well as in Northern Europe (up 5.2% on a like-for-like basis), in spite of the
decline in the United Kingdom.

The solid sales performance in each of these regions enabled the Group to
maintain its operating margin at a similar level to the 15.6% achieved during
the previous financial year even though investments were intensified over the
second half of the year - particularly in the field of connected objects - as a
result of both opportunities and the potential of the market.

CORPORATE PROFILE

Somfy Group is the global leader in opening and closing automation for both
residential and commercial buildings.

CONTACTS

Somfy:
Pierre Ribeiro: +33 (0)4 50 40 48 49 / Emilie Mathelin: +33 (0)4 50 96 71 01
Shan:
François-Xavier Dupont: +33 (0)1 44 50 58 74 /
Diane de Brisis: +33 (0)1 47 03 47 36

SHAREHOLDERS' AGENDA
2016 annual results: press release on 8 March 2017 (evening),
information meeting on 9 March 2017 (morning)

                                                       www.somfyfinance.com

(5) Africa and the Middle-East are included in Southern Europe.

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SOMFY SA (EPA:SO) - Somfy / Sales for financial year 2016

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