PRESS

RELEASE

19 OCTOBER 2021

SALES

FOR THE FIRST NINE MONTHS OF 2021

Consolidated sales

2021

2020

(€ 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 €1,153.4 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 €348.4 million, falling 5.4% (down 7.5% on a like‐for‐like basis) in relation to the same period of the previous year (€368.3 million) but up in comparison with the third quarter of 2019 (€301.4 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).

PRESS RELEASE

19 OCTOBER 2021

Sales for the equity‐accounted Chinese subsidiary Dooya totalled €190.5 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 / Aliénor Kuentz: +33 (0)1 42 86 82 45

SHAREHOLDERS' AGENDA

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

PRESS RELEASE

19 OCTOBER 2021

APPENDIX

Geographical analysis of first quarter sales

Consolidated data

2021

2020

(€ millions)

Real terms

Like‐for‐like

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

(€ millions)

Real terms

Like‐for‐like

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%

PRESS RELEASE

19 OCTOBER 2021

Geographical analysis of third quarter sales

Consolidated data

2021

2020

(€ millions)

Real terms

Like‐for‐like

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

(€ millions)

Real terms

Like‐for‐like

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%

PRESS RELEASE

19 OCTOBER 2021

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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Disclaimer

Somfy SA published this content on 19 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2021 15:40:05 UTC.