SOMFY SA (EPA:SO) - Somfy / Financial information for the first quarter of the fiscal year 2018
Directive transparence : information réglementée Information financière du premier trimestre
19/04/2018 17:55
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PRESS RELEASE
19 APRIL 2018
FINANCIAL INFORMATION FOR THE FIRST QUARTER OF 2018
Consolidated sales (EUR millions)
Var. Var.
Real terms Like-for-like
2018 2017
First quarter 302.5 294.6 +2.7% +5.8%
Disclaimer: IFRS 15 "Revenue from Contracts with Customers" has been applied by
the Group since 1 January 2018. It had no material impact on the financial
statements for the first three months of 2018.
SALES
Group sales totalled EUR302.5 million for the first three months, an increase
of 2.7% in real terms and 5.8% on a like-for-like basis. It takes into account
a negative exchange rate effect of EUR9.4 million.
The slowdown seen in comparison with previous quarters was due to the high
level of the comparison base(1) and above all to the downturn recorded at the
end of the period, which was the result of a negative calendar effect in Europe
and unfavourable business conditions in many countries (adverse weather
conditions in Germany and Northern Europe, and economic and political
instability in the Middle East, Argentina and Brazil).
As such, performances over the quarter varied according to region(2). They
remained highly satisfactory in Central and Eastern Europe, France, North
America, Asia-Pacific and China (up 15.4%, 11.9%, 10.9%, 10.5% and 8.2%
respectively on a like-for-like basis). Conversely, they were impacted by the
vagaries referred to above in Southern Europe, Central and South America,
Germany, Northern Europe, and above all Africa and the Middle East
(respectively up 2.1%, 1.8%, 1.7%, and down 0.8% and 14.7% on a like-for-like
basis).
(1) Group sales growth on a like-for-like basis was 9.9% over the first quarter
of 2017.
(2) Africa and the Middle East, Germany, Central and South America, North
America, Asia-Pacific, China, Central and Eastern Europe, Northern Europe,
Southern Europe and France are the geographic regions used to analyse and
monitor sales. Their respective sales are calculated based on customer location
and therefore the destination of the sales.
OTHER INFORMATION
The latest innovations have proved highly successful, notably at the two major
international shows in which the Group took part, namely the CES trade fair in
Las Vegas and R+T in Stuttgart.
The quarter was also marked by currency fluctuations which impacted both
business, as mentioned above, and to a lesser extent operating margin, as a
result of the continued appreciation of the euro against other major currencies
in recent times.
CORPORATE PROFILE
Somfy 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 General Meeting: 16 May 2018 (at the Company's registered office)
APPENDIX
Geographical analysis of sales
Consolidated sales (EUR millions)
Var. Var.
Real terms Like-for-like
2018 2017
France 89.2 79.8 +11.8% +11.9%
Germany 42.7 42.2 +1.3% +1.7%
Southern Europe 32.6 32.4 +0.7% +2.1%
Central and
Eastern Europe 29.5 25.8 +14.3% +15.4%
Northern Europe 27.2 27.8 -2.3% -0.8%
North America 25.5 26.3 -2.9% +10.9%
Africa and
the Middle East 18.1 22.7 -20.1% -14.7%
China 17.1 16.9 +1.4% +8.2%
Asia-Pacific 13.5 13.3 +1.3% +10.5%
Central and
South America 7.0 7.5 -6.3% +1.8%
Total 302.5 294.6 +2.7% +5.8%
Note: the sales figures provided are calculated based on customer location.