Somfy SA reported consolidated earnings results for the half year ended June 30, 2016. For the period, the company reported sales of EUR 587.5 million against EUR 547.8 million a year ago. EBITDA was EUR 133.4 million against EUR 115.9 million a year ago. Operating result was EUR 114.3 million against EUR 97.4 million a year ago. Profit before tax was EUR 114.3 million against EUR 113.1 million a year ago. Net profit from continuing operations was EUR 92.7 million against EUR 100.6 million a year ago. Consolidated net profit was EUR 92.7 million against EUR 104.6 million a year ago. Net financial debt as at June 30, 2016 was EUR 24.6 million against EUR 90.2 million a year ago. Cash flow was EUR 108.8 million against EUR 92.2 million a year ago. The increase in operating result is attributable to sales growth and an improved industrial margin.

The second half year will not benefit from the favorable comparison base of the first two quarters and should continue to suffer from a negative currency effect.