SOMFY SA (EPA:SO) - Somfy / Sales for financial year 2017
Directive transparence : information réglementée Information sur chiffre d’affaires annuel
25/01/2018 17:45
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PRESS RELEASE
25 JANUARY 2018
2017 FULL-YEAR SALES
CONTINUED STRONG SALES GROWTH
Var. Var.
Consolidated sales Real Like-
(EUR millions) 2017 2016 terms for-like
First quarter 294.6 265.5 +11.0% +9.9%
Second quarter 348.9 322.0 +8.3% +7.3%
Third quarter 305.1 276.7 +10.3% +10.9%
Fourth quarter 298.0 267.5 +11.4% +13.6%
Full-year total 1,246.6 1,131.7 +10.1% +10.3%
Note: Like-for-like changes refer to changes in real terms adjusted for scope
and exchange rate effects.
SALES
Group sales grew 10.1% to EUR1,246.6 million over the financial year just
ended. They benefited from a positive scope effect of EUR11.2 million, as a
result of the full-year integration of iHome Systems and Myfox(1), and suffered
from a negative exchange rate effect of EUR12.8 million.
Growth stood at 10.3% on a like-for-like basis over the financial year,
including 8.5% over the first half-year and 12.3% over the second half, and
followed an increase of 10.2% over the previous year. It reflects significant
growth within all the Group's business lines and geographic operating
regions(2).
Double-digit growth was recorded in Asia-Pacific, France, and Central and
Eastern Europe, all of which saw sharp acceleration from the summer onwards (up
20.7%, 11.3% and 11.1% on a like-for-like basis respectively over the financial
year, including growth of 25.1%, 14.7% and 14.1% over the second half-year,
with the positive impact of the end of the energy transition tax credit in the
case of France), as well as in America and Northern Europe (up 11.5% and 10.5%
on a like-for-like basis respectively over the full year).
(1) Somfy Group acquired a 51% stake in iHome Systems in December 2016 and
completed the full acquisition of Myfox in October 2016.
(2) 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.
Growth was lower but nevertheless remained positive in Southern Europe(3) (up
7.9% on a like-for-like basis over the financial year), as well as in Germany,
in spite of the decline recorded in the spring (up 2.4% on a like-for-like
basis over the full year, including growth of 3.0% over the second half).
The strength of these figures reflects the growing interest of consumers from
different continents in motorised and connected solutions for the home. As
such, they validate the innovation policy, focused on digitalisation, and the
international expansion strategy led by the Group.
OTHER INFORMATION
As anticipated, efforts to gain market share, rising raw material prices,
currency fluctuations and the integration of the new subsidiaries, iHome
Systems and Myfox, all had an impact over the second half-year.
For these reasons, the financial statements for the year just ended are
expected to show a decrease in current operating result in real terms but with
stability in the same result on a like-for-like basis.
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
Annual results: press release on 7 March 2018 (evening), information meeting on
8 March 2018 (morning)
www.somfyfinance.com
(3) Africa and the Middle East are included in Southern Europe for the
monitoring and analysis of sales.
APPENDIX
Geographical analysis of sales
2017 2016 Var. Var.
Consolidated data 12 12 Real Like-
(EUR millions) months months terms for-like
France 312.5 272.6 +14.6% +11.3%
Southern Europe 219.1 207.2 +5.7% +7.9%
Germany 180.4 176.4 +2.2% +2.4%
Asia-Pacific 151.6 127.8 +18.7% +20.7%
America 135.0 123.4 +9.4% +11.5%
Central and Eastern Europe 133.1 118.6 +12.2% +11.1%
Northern Europe 114.9 105.7 +8.8% +10.5%
Total 1,246.6 1,131.7 +10.1% +10.3%
Note: the sales figures provided are calculated based on customer location.