Sales for the first nine months of 2018

18/10/2018 - 17:35 CET

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Consolidated sales (€ millions) 2018 2017 Change
Restated
Change
Like-for-like
First quarter 270.7 261.6 +3.5% +6.3%
Second quarter 315.4 309.0 +2.1% +4.3%
First half-year 586.1 570.6 +2.7% +5.2%
Third quarter 273.0 263.9 +3.5% +4.9%
First nine months 859.2 834.6 +3.0% +5.1%

Note: 2017 and 2018 figures have been restated in accordance with IFRS 5 for comparison purposes following the change in the consolidation method of Dooya, from full consolidation to consolidation under the equity method.

Group sales totalled €859.2 million for the first nine months of the financial year, an increase of 3.0% based on restated data (excluding Dooya), including 2.7% over the first six months and 3.5% over the third quarter, and of 5.1% on a like-for-like basis1, including 5.2% over the first six months and 4.9% over the third quarter.

The increase follows two years of strong growth2 and took place against a less favourable backdrop in various territories, notably in Africa and the Middle East (down 0.2% on a like-for-like basis) due to the instability of the economic and political environments, in North America (up 0.5% on a like-for-like basis) due to the logistics restructuring of the main commercial partner in the United States, and in China (down 5.4% on a like-for-like basis).

All the other regions3, namely Central and South America, Central and Eastern Europe, Northern Europe, Asia-Pacific (excluding China), France, Southern Europe and Germany, ended the period on a positive or even distinctly positive note (up 12.2%, 10.4%, 8.1%, 7.8%, 6.1%, 4.2% and 2.6% respectively on a like-for-like basis).

These results reflect both the strong performance of historical markets, such as Benelux, France and the United Kingdom, and the momentum of new markets, like Poland and the Czech Republic.

Another notable feature was the easing of the currency impact as the quarters went on, although it remained negative (€3.9 million impact on sales over the last three months compared with €14.5 million for the first six months of the financial year).

 

1 The change in restated data corresponds to the variation at constant consolidation method, and the change in like-for-like data corresponds to the variation at constant consolidation method, consolidation scope and exchange rates.

2 The growth in Group sales (excluding Dooya) was 9.2% on a like-for-like basis over 2017, including 8.4% over the first quarter, 8.0% over the second, 10.3% over the third and 10.3% over the fourth quarter.

3 Africa & the Middle East, Germany, Central & South America, North America, Asia-Pacific, China, Central & Eastern Europe, Northern Europe, Southern Europe, and France are the geographic regions used to analyse and monitor sales. Their respective sales are calculated based on customer location and therefore the destination of the sales.

Corporate profile

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

Contacts

  • 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 - Alexandre Daudin: +33 (0)1 44 50 51 76

Shareholders' agenda  
Publication of full-year sales: 24 January 2019 after close of trading

Appendix

Geographical analysis of sales

Consolidated data (€ millions) 2018
9 Months
2017
9 Months
Change
Restated
Change
Like-for-like
France 245.2 231.3 +6.0% +6.1%
Germany 137.4 134.0 +2.6% +2.6%
Central & Eastern Europe 99.1 90.8 +9.1% +10.4%
Northern Europe 93.8 87.7 +7.1% +8.1%
Southern Europe 90.9 87.7 +3.6% +4.2%
North America 74.3 79.2 -6.2% +0.5%
Africa & Middle East 52.4 57.8 -9.3% -0.2%
Asia-Pacific 39.1 38.4 +1.8% +7.8%
Central & South America 17.4 17.4 +0.2% +12.2%
China 9.4 10.3 -8.6% -5.4%
Total 859.2 834.6 +3.0% +5.1%
Consolidated data (€ millions) 2018
Q3
2017
Q3
Change
Restated
Change
Like-for-like
France 70.5 68.0 +3.8% +3.8%
Germany 47.5 46.1 +2.9% +2.9%
Central & Eastern Europe 35.6 32.2 +10.8% +11.8%
Northern Europe 30.3 26.5 +14.4% +14.9%
Southern Europe 26.9 26.2 +2.5% +2.6%
North America 24.9 25.1 -1.0% -2.1%
Africa & Middle East 14.1 16.9 -16.2% -2.8%
Asia-Pacific 13.9 13.5 +2.8% +5.7%
Central & South America 5.9 5.7 +3.2% +18.0%
China 3.4 3.7 -8.3% -7.4%
Total 273.0 263.9 +3.5% +4.9%

Note: the sales figures provided are calculated based on customer location. They have been restated following the change in the consolidation method of Dooya.