SOMFY SA (EPA:SO) - Somfy / Financial information for the first nine months of the 2017 financial year
Directive transparence : information réglementée Information financière du troisième trimestre
19/10/2017 17:45
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PRESS RELEASE
19 OCTOBER 2017
FINANCIAL INFORMATION FOR THE FIRST NINE MONTHS OF THE 2017 FINANCIAL YEAR
Consolidated sales 2017 2016 Var. Var.
(EUR millions) Real Like-for-
terms like
First quarter 294.6 265.5 +11.0% +9.9%
Second quarter 348.9 322.0 +8.3% +7.3%
First half-year 643.5 587.5 +9.5% +8.5%
Third quarter 305.1 276.7 +10.3% +10.9%
First nine months 948.6 864.2 +9.8% +9.3%
Note: the newly acquired entities iHome and Myfox were added to the Group's
consolidation scope in the last quarter of 2016. Like-for-like sales have been
restated to reflect these additions and changes in exchange rates.
SALES
Consolidated sales totalled EUR948.6 million for the first nine months of the
financial year. Their growth was 9.8% in real terms, including 10.3% in the
third quarter, and 9.3% on a like-for-like basis, including 10.9% in the
third quarter.
These high figures demonstrate the substantial growth recorded within the
Group's various activities and regions in which it operates(1), and testify to
the growing interest in motorised and connected home solutions displayed by
consumers in the various regions of the world. As a result, these figures
validate the longstanding innovation and international expansion strategy.
The most noteworthy performances were achieved in Asia-Pacific, Northern Europe
and America (up 15.8%, 11.9% and 11.5% respectively on a like-for-like
basis over the first nine months), as well as in Central and Eastern Europe,
where a sharp acceleration was seen over the summer (10.7% like-for-like growth
over the first nine months, including 15.5% over the third quarter).
(1) Germany, America, Asia-Pacific, Central and Eastern Europe, Northern
Europe, Southern Europe and France are the geographic regions usually used to
analyse and monitor sales. Their respective sales are calculated based on
customer location and therefore the destination of the sales.
The trend was also positive in France and Southern Europe(2) (9.3% and 7.6%
like-for-like growth respectively over the first nine months), and gained
momentum in Germany at the end of the period (2.6% like-for-like growth over
the first nine months, including 4.0% over the third quarter).
OTHER INFORMATION
As anticipated, winning market share, the increased cost of raw materials and
the integration of newly-acquired entities (iHome, Myfox) all continued to
impact results to a similar extent as in the first half-year.
The roll-out of the Believe and Act strategic plan continued. It mainly
focused on the development and digitalisation of the range of interior
solutions with the launch of innovative products, notably in the field of
energy (Somfy Climate), and the strengthening of partnerships (Atlantic,
Sonos).
CORPORATE PROFILE
Somfy Group is the global leader in opening and closing automation for both
residential and commercial buildings, and a key player in the connected home.
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
Publication of full-year sales: 25 January 2018 after close of trading
www.somfyfinance.com
(2) Africa and the Middle East are included in Southern Europe for the
monitoring and analysis of sales.
APPENDIX
Geographical analysis of sales
Consolidated data 9 M 9 M Var. Var.
(EUR millions) 2017 2016 Real Like-for-
terms like
France 233.0 205.2 +13.5% +9.3%
Southern Europe 168.2 159.0 +5.8% +7.6%
Germany 141.4 138.1 +2.4% +2.6%
America 106.9 95.9 +11.5% +11.5%
Asia-Pacific 104.8 91.2 +14.9% +15.8%
Central and Eastern Europe 102.4 91.3 +12.2% +10.7%
Northern Europe 91.8 83.5 +9.9% +11.9%
Total 948.6 864.2 +9.8% +9.3%
Note: the sales figures provided are calculated based on customer location.