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Somfy / Sales for the first half of fiscal year 2011

Vendredi 22 Jul 2011 à 09:00

PR Newswire/Les Echos/

July 21, 2011

Press release

Sales for the first half of FY 2011

Consolidated sales in EUR million 2011 2010 % change
First quarter 226.9 193.6 +17.2
Second quarter 274.3 246.3 +11.4
First six months 501.2 439.9 +13.9

Note: Sales for Chinese group Ningbo Dooya are included as part of consolidated
sales as from January 1st 2011.

Group sales for the first half of the year reached EUR501.2 million(1). They
grew by 13.9% in real terms (+8.7% on like for like), broken down as +17.2% for
the first quarter (+11.2% on like for like) and +11.4% for the second quarter
(+6.7% on like for like).

Somfy Activities

Somfy Activities sales came to EUR442.0 million, a rise of 14.8% in real terms
(+8.8% on like for like with respectively +11.6% and +6.6% in the first and
second quarter).

All zones closed the half-year up even though some of them faced unfavourable

The strongest increases were recorded in Germany (+17.4% on like for like),
Eastern and Central Europe (+16.4% on like for like), France (+10.0% on like
for like) and the Americas (+9.7% on like for like), thanks to good growth in
Brazil and steady performances in the USA.

Other regions had more contrasting results, such as Asia-Pacific (+5.7%)
following the natural disasters in Australia and Japan, and Northern and
Southern Europe(2) (up respectively +5.3% and +0.9% on like for like) because
of the difficult economic climate in the United Kingdom, Spain and Greece.

(1) The difference between Group sales (EUR501.2 M) and the sum of sales for
Somfy Activities (EUR441.2 M) and Somfy Participations (EUR60.6 M) corresponds
to sales between Somfy Activities and Somfy Participations (EUR1.4 M).

(2) Africa and the Middle East are consolidated with Southern Europe.

Somfy Participations

Somfy Participations sales came to €60.6 million, an increase of 8.8% in real
terms (+8.8% on like for like, with +9.6% and +8.1% for the first and second
quarter respectively).

The three fully integrated companies each posted growth. Sirem and
Zurflüh-Feller were up respectively by +11.7% and +11.0% on like for like.
Cotherm, after a difficult start of the year, returned to growth ending the
six months up by +1.5% on like for like.

Companies booked under the equity method also performed well overall. The main
points of note are Ciat's return to growth (+5.6% on like for like), in spite
of a heat pump market still under pressure, and the good performance of
Gaviota Simbac (+6.5% on like for like).

Company profile

Somfy is organised into two separate branches: Somfy Activities is dedicated
to the business of automating openings and closures in residential and
commercial buildings; Somfy Participations is dedicated to investing and
participating in industrial companies from other sectors.


Somfy: Eric Blanchard (Chief Financial Officer) - Tel: 00 33 450 404 849
Somfy: Jean-Michel Jaud (Director of Communications) - Tel: 00 33 450 967 065
Shan: François-Xavier Dupont - Tel: 00 33 144 505 874


Announcement of first half results: August 30th 2011

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