PRESENTATION OF 2022

HALF-YEAR

RESULTS

7 September 2022

HIGHLIGHTS

Slowdown in sales growth over the half-year to 5.1% as a result of the weaker economic and geopolitical environment

Decline in net profit with a lower current operating margin that nevertheless remained higher than the levels seen during the pre-Covid period

Continuation of measures implemented to limit the impact of pressures on the electronic component market

Continuation of strategic structuring projects including the successful roll-out of SAP in the Cluses factory

Acquisition of a 6.33% stake in the share capital of Elcia, French leader for configurators and costing software for the windows, doors, roller shutters and shading systems sector

Acquisition of 75% of the share capital of Italian group Teleco Automation, the leader in automation systems for bioclimatic pergolas effective on 4 July 2022

Presentation of half-year results - 07/09/2022

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KEY FIGURES

€846 m

23.4%

€162 m

€588 m

€181 m

+5.1%

vs. 26.6% in June 2021

-11.9%

-12.1%

Sales

Current operating

Net profit

Net financial

Cash flow

margin

surplus

Presentation of half-year results - 07/09/2022

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UPDATE ON MARKET ENVIRONMENT

Presentation of 2022 half-year results

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ECONOMIC AND GEOPOLITICAL SITUATION

RAPIDLY CHANGING MACRO-ECONOMIC ENVIRONMENT

Inflation in Europe

Lack of visibility exacerbated by the war in Ukraine and

geopolitical tensions that are impacting consumer confidence

Inflation at highest level in Europe and the United States for

decades and decline in purchasing power

Source: ECB forecast

Consumer confidence

(CCI)

  • Significant rise in interest rates
  • Growth outlook in the coming months significantly lower than expected

According to French national statistics institute INSEE, in July 2022, in France:

  • Decline in consumer confidence for the 7th consecutive month
  • Further deterioration in business sentiment

Presentation of half-year results - 07/09/2022

Source: OECD

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Somfy SA published this content on 07 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2022 15:39:06 UTC.