Group sales posted an increase of 6.5% in real terms over the financial year just ended, standing at €1,200.2 million, an amount that reflects a slightly positive forex impact of €4.9 million.

Sales increased by 6.1% on a like-for-like basis, including 4.7% in the first half-year and 7.5% in the second. This follows several years of steady growth(1) and reflects advances within all operational regions, with the exception of Africa & the Middle East, for contextual reasons.

These performances reflect the growing interest of all types of customers in motorised and connected solutions for the home, as well as the success of the many partnerships and products recently launched by the Group, and vindicate the policy of innovation and digitalisation and the strategy of international expansion implemented over the years.

The most noteworthy growth(2) was recorded in Central & Eastern Europe (up 15.3%), as a result of excellent performances in Poland, Hungary and the Czech Republic, as well as Northern Europe (up 12.1%) despite a decline over the last quarter, primarily due to an unfavourable base effect.

Significant increases were also posted in China (up 6.8%), France (up 5.2%) and Germany (up 4.6%), despite a negative calendar effect at the end of the year, as well as in Central & South America (up 6.7%) and North America (up 4.5%), thanks to a sharp upturn over the last quarter, particularly in Brazil and the United States. Growth was however more modest in Asia-Pacific (up 3.0% excluding China) and Southern Europe (up 1.7%).

In contrast, the trend remained negative in Africa & the Middle East (down 2.5%), although it improved significantly over the second half-year, due in particular to the recovery seen in the Persian Gulf countries and Turkey.

Sales of the now equity-accounted Dooya totalled €187.5 million over the financial year, an increase of 9.3% in real terms and 8.2% on a like-for-like basis. This reflects the resilience of business in China (up 9.9%), in view of the local environment, and continued strong Export growth (up 6.7%).

(1) Group sales, after restatement of Dooya's share, grew 9.2% on a like-for-like basis in 2017, and 5.2% in 2018 on the same basis.

(2) Figures in brackets following the names of geographic regions indicate changes on a like-for-like basis for the year to end December. They are calculated based on customer location.

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