PRESENTATION OF 2022
ANNUAL RESULTS
8 March 2023
HIGHLIGHTS
Continued slowdown in sales over H2 2022 within a challenging macroeconomic and geopolitical environment
3.7% growth in sales and decline in net profit with a lower current operating margin that nevertheless remained higher than levels seen in the pre-Covid period
Reduction in delivery delays thanks to the redesign strategy and mobilisation of teams Industrial and digital investments maintained to support the Group's growth
Consolidation since 1 July 2022 of Italian group Teleco Automation, leader in automation systems for bioclimatic pergolas
Formalisation and structuring of the 3-yearplan 2025 One Way to achieve Ambition 2030
Delisting in early 2023 following the Simplified Public Tender Offer initiated by SOMFY's principal shareholder in late 2022
Presentation of 2022 results - March 2023 | 2 |
2022 KEY FIGURES
€1,532 m
+3.7%
Sales
6,433
+3.3% like-for-like
Permanent workforce
* Industrial sites
Presentation of 2022 results - March 2023
18.2%
vs. 20.4% in 2021
Current operating
margin
55%*
Rate of electricity from
renewable sources
3
€238 m
-8.1%
Net profit
65.9%
Products sold
certified "Act for
Green"
€428 m
Net financial
surplus
11,439,095
+19.2%
Connected
devices
UPDATE ON MARKET ENVIRONMENT
Presentation of 2022 annual results
4
MACROECONOMIC AND GEOPOLITICAL ENVIRONMENT
Slowdown in demand:
Inflation in Europe
Overall climate remains challenging: Russian-Ukrainian war, rising costs of energy, raw materials and transportation, rise in interest rates, supply chain pressure
Consumer confidence and purchasing power dented by the lack of visibility and inflation at an all-time high
Consumer confidence
(CCI)
Source: ECB forecast
But positive structural trends:
- Growing environmental awareness with the critical challenge of energy performance
- Changing lifestyles and new ways of working that support the demand for smart living: greater comfort and security, and increased digitalisation thanks to connected objects
Presentation of 2022 results - March 2023
Source: OECD | 5 |
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Disclaimer
Somfy SA published this content on 08 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2023 07:36:08 UTC.