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Somfy / Sales for financial year 2011

Vendredi 20 Jan 2012 à 15:30



PR Newswire/Les Echos/

January 19th 2012

Press release

Sales for FINANCIAL year 2011

Consolidated sales in EUR million 2011 2010 Change in Change on
real terms like for like

First quarter 226.9 193.6 +17.2% +11.2%
Second quarter 274.3 246.3 +11.4% +6.7%
Third quarter 229.1 212.2 +8.0% +0.7%
Fourth quarter 222.1 200.5 +10.8% +1.1%
Full year 952.4 852.6 +11.7% +4.9%

Note: Sales for the Chinese company Ningbo Dooya are integrated from January1st
2011.

Group sales went from EUR852.6M to EUR952.4M for the year just ended(1) (+11.7%
in real terms, with +4.9% on like for like). Growth slowed over the last two
quarters (up respectively +0.7% and +1.1% on like for like) due to a less
favourable base effect during the second half of the year and to the worsening
environment, particularly noticeable since the summer.

Somfy Activities

Somfy Activities sales came to EUR842.7M, up by 12.7% in real terms (+5.0% on
like for like). They grew by 12.7% in the final quarter (+1.6% on like for
like).

Growth slowed in all the main zones (on like for like) in the second half of the
year. Nevertheless, several of them did manage to close significantly higher.
This was the case in Eastern and Central Europe (+11.8%), Germany (+10.8%), as
well as in the Americas (+6.3%) and France (+6.3%). Other zones closed with
contrasting figures, such as Asia-Pacific, mainly as a result of the natural
disasters that hit the area during the year (+3.3%), but also Northern Europe
and Southern Europe(2), both affected by the economic crisis (respectively -0.0%
and - 1.3%).

(1) The difference between Group sales and the sum of Somfy Activities sales
plus Somfy Participations sales corresponds to sales MADE between Somfy
Activities and Somfy Participations.

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

Somfy Participations

Somfy Participations sales came to EUR112.5M, an increase of 4.9% in real terms
(+5.0% on like for like). They were up by 3.8% in the third quarter (+4.1% on
like for like) and down by 2.2% in the fourth quarter (-2.2% on like for
like).

The three globally integrated companies grew over the year (on like for like).
Cotherm closed strongly, largely making up for the slowdown at the start of the
year (+4.3%). Sirem and Zurflüh-Feller, on the other hand, were down in the
final months, although they still closed significantly higher (respectively
+8.7% and +4.0%).

The equity affiliate companies had a contrasting year. The main one, Ciat,
maintained its growth (+9.4%), despite having to deal with continuing difficult
market conditions in the heat pump sector. On the other hand, Gaviota-Simbac was
down slightly (-1.2%).

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.

Contacts

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

Agenda

Annual results published: February 27th 2012 after the stock exchange closes
(AGM on February 28th at 10.30 am)

www.somfyfinance.com

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Article Précédent :
EANS-Adhoc: Mikron Holding AG /...
Article Suivant :
CIS : Chiffre d'affaires 2011

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