Somfy / Sales for financial year 2013

PR Newswire/Les Echos/ Press release 28 January 2014 2013 Full-Year Sales Consolidated sales (EUR millions) 2013 2012 Change in Change on a real terms like-for-like basis First quarter 227.0 236.3 -4.0% -0.5% Second quarter 279.9 277.6 +0.8% +2.9% Third quarter Fourth quarter 252.3 246.8 +2.2% +5.8% 237.6 228.9 +3.8% +4.6% Full year 996.8 989.6 +0.7% +3.2% Note: Cotherm (Somfy Participations) was excluded from the scope of consolidation in October 2012 and Giga (Somfy Activities) was included in April 2013. Their sales have been excluded from changes on a like-for-like basis (constant scope of consolidation and foreign exchange rates). Group sales were EUR 996.8 million(1) for the full financial year just ended, an increase therefore of 0.7% in real terms and 3.2% on a like-for-like basis compared to the previous financial year. Sales totalled EUR 506.9 million in the first half of the year (up 1.3% on a like-for-like basis) and EUR 489.9 million in the second half (up 5.2% on a like-for-like basis). The improvement recorded over the second part of the year is particularly noteworthy given that the base effect was less favourable from the summer onwards. 1t can be explained primarily by Somfy Activities' return to growth across most geographical regions and by the recovery of Somfy Participations' companies. Somfy Activities Somfy Activities generated sales of EUR 922.8 million during the financial year (up 3.8% on a like-for-like basis) and EUR 455.9 million in the second half (up 5.7% on a like-for-like basis, including growth of 6.3% and 5.0% respectively in the third and fourth quarters). All geographical regions, except for Northern Europe, reported full-year growth. (1) The difference between Group sales and the total of Somfy Activities and Somfy Participations sales is due to intragroup sales between Somfy Activities and Somfy Participations. The most significant increases were recorded in Asia-Pacific, America and Central and Eastern Europe (full-year growth of 10.2%, 8.1% and 5.2% respectively on a like-for-like basis, including 18.3%, 6.2% and 9.2% in the fourth quarter). These performances demonstrate both the increasing strength of countries such as China and the United States and the dynamism of new markets like Brazil. Germany and France also performed well (full-year growth of 4.2% and 2.7% respectively on a like-for-like basis, including 8.3% and 0.2% in the fourth quarter). The same is true of Southern Europe(2), positive again despite an environment which remained challenging over much of the region (full-year growth of 1.6% on a like-for-like basis, including 1.2% in the fourth quarter). This improvement was due to 1taly's stabilisation and the development of Turkey and South Africa. Northern Europe remained negative due notably to poor weather conditions at the start of the year and the weak construction market (down 1.2% on a like-for-like basis over the financial year, including a 1.5% decline in the fourth quarter). Somfy Participations Somfy Participations generated sales of EUR 77.3 million during the financial year (down 4.1% on a like-for-like basis) and EUR 35.8 million in the second half-year (down 0.3% on a like-for-like basis, including declines of 0.3% and 0.4% respectively in the third and fourth quarters). The two fully-consolidated companies, Sirem and Zurflüh-Feller,, both recovered over the latter part of the period, but reported full-year declines as a result of the falls recorded over the first few months (down 7.4% and 2.9% respectively on a like-for-like basis over the full-year, including growth of 1.3% and a decline of 0.8% in the fourth quarter). The other equity-accounted companies experienced more contrasting fortunes. Pellenc and Gaviota-Simbac both grew (up 10.1% and 3.9% respectively on a like-for-like basis over the full-year, including 8.0% and 6.6% in the fourth quarter). Conversely, Ciat reported a full-year decline, although it did stabilise at the end of the financial year (down 5.3% on a like-for-like basis over the full year, including -0.1% in the fourth quarter). Corporate profile The Somfy Group is structured as two separate branches: Somfy Activities, which is dedicated to the automation and control of openings and closures in residential and commercial buildings (blinds, shutters, curtains, screens, doors, gates, etc.); and Somfy Participations, which is dedicated to investments and equity shareholdings in industrial companies operating in other business sectors. In 2012, the Group generated net sales of EUR 989.6 million and reported a current operating result of EUR 132.2 million and a net profit of EUR 84.4 million. (2) Africa and the Middle-East are included in Southern Europe. Contacts Somfy: Pierre Ribeiro (Chief Financial Officer) - Tel: +33 4 50 40 48 49 / Jean-Michel Jaud (Communication Director) - Tel: +33 4 50 96 70 65 Shan: François-Xavier Dupont - Tel: +33 1 44 50 58 74 Publication of annual results: press release on 5 March 2014 (end of day), meeting on 6 March 2014 (morning) www.somfyfinance.com The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.