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 | 2 |
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 | 3 |
UPDATE ON MARKET ENVIRONMENT
Presentation of 2022 half-year results
4
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 | 5 |
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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.