Group sales grew 10.1% to €1,246.6 million over the financial year just ended. They benefited from a positive scope effect of €11.2 million, as a result of the full-year integration of iHome Systems and Myfox¹, and suffered from a negative exchange rate effect of €12.8 million.

Growth stood at 10.3% on a like-for-like basis over the financial year, including 8.5% over the first half-year and 12.3% over the second half, and followed an increase of 10.2% over the previous year. It reflects significant growth within all the Group’s business lines and geographic operating regions².

Double-digit growth was recorded in Asia-Pacific, France, and Central and Eastern Europe, all of which saw sharp acceleration from the summer onwards (up 20.7%, 11.3% and 11.1% on a like-for-like basis respectively over the financial year, including growth of 25.1%, 14.7% and 14.1% over the second half-year, with the positive impact of the end of the energy transition tax credit in the case of France), as well as in America and Northern Europe (up 11.5% and 10.5% on a like-for-like basis respectively over the full year).

Growth was lower but nevertheless remained positive in Southern Europe³ (up 7.9% on a like-for-like basis over the financial year), as well as in Germany, in spite of the decline recorded in the spring (up 2.4% on a like-for-like basis over the full year, including growth of 3.0% over the second half).

The strength of these figures reflects the growing interest of consumers from different continents in motorised and connected solutions for the home. As such, they validate the innovation policy, focused on digitalisation, and the international expansion strategy led by the Group.

As anticipated, efforts to gain market share, rising raw material prices, currency fluctuations and the integration of the new subsidiaries, iHome Systems and Myfox, all had an impact over the second half-year.

For these reasons, the financial statements for the year just ended are expected to show a decrease in current operating result in real terms but with stability in the same result on a like-for-like basis.

Somfy Group is the global leader in opening and closing automation for both residential and commercial buildings, and a key player in the connected home.

• Somfy
  Pierre Ribeiro: +33 (0)4 50 40 48 49 / Emilie Mathelin: +33 (0)4 50 96 71 01
• Shan
  François-Xavier Dupont: +33 (0)1 44 50 58 74 / Diane de Brisis: +33 (0)1 47 03 47 36

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¹ Somfy Group acquired a 51% stake in iHome Systems in December 2016 and completed the full acquisition of Myfox in October 2016.

² Germany, America, Asia-Pacific, Central and Eastern Europe, Northern Europe, Southern Europe and France are the geographic regions usually used to analyse and monitor sales. Their respective sales are calculated based on customer location and therefore the destination of the sales.

³ Africa and the Middle East are included in Southern Europe for the monitoring and analysis of sales.