Against the backdrop of the global crisis resulting from the Covid-19 pandemic, Somfy has taken the necessary measures to limit the impact of this crisis and is committed to acting as a responsible business partner with its various stakeholders, notably its employees, customers and suppliers.

With this in mind, the Group has decided to gradually restart its operations at its industrial and logistics sites from mid-April[1]. For this purpose and in consultation with management and unions, it has rolled out a safety protocol specially tailored to its processes and complying with government guidelines.

In addition, Somfy has adopted a number of employment and economic measures:

• The Group will not make use of furlough schemes or apply for the various French government subsidies, such as the deferral of tax and social security payments, secured loans, etc.
• French employees whose work has been interrupted as a result of the lockdown will continue to receive 100% of their basic salary.
• The Group is committed to safeguarding the jobs of all its employees until the end of June 2020.
• Until that date, remote working will remain the norm wherever applicable.

Somfy firmly believes that these measures represent a positive and constructive response to the current situation. They reflect its confidence in its teams and in the Group’s ability to exit the crisis successfully.

The Group has also stepped up its measures to support the local communities and non-profit organisations where it operates:

• Somfy is committed to donating equipment to help fight the pandemic – almost 100,000 masks have already been given to various organisations and local authorities.
• The Somfy Foundation and its partners have increased support for the “Les Petites Pierres” endowment fund in aid of emergency projects run by charities helping the homeless, victims of social exclusion, and those at risk of abuse or isolation as a result of the lockdown.

[1] It should be noted that the Group suspended operations at the production sites in France, Italy and Tunisia, as well as at the Bonneville logistics site, in order to guarantee the protection of its employees.

As a testament to shareholders’ commitment to supporting the Group and its employees, the dividend paid in respect of the 2019 financial year will be lower than that paid for the previous year. A dividend of €1.25 per share will be submitted for approval at the General Meeting, a reduction of almost 20% in relation to the initial proposal of €1.55. The dividend will be paid on 2 July 2020 and the ex-dividend date is set at 30 June 2020.

The Combined General Meeting will be held on 24 June 2020 at 5 p.m. at the Company’s registered office.

Details of the arrangements for holding this Meeting will be provided in the advance notice of the General Meeting which will be published on 20 May 2020 and will also be available at www.somfy-group.com.

Founded in 1969 in the Arve Valley, in the Haute-Savoie region of France, and now operating in 58 countries, Somfy is the preferred partner for window and door automation and a pioneer in the connected home. The Group is constantly innovating to guarantee comfort, wellbeing and security in the home and is committed to promoting sustainable development.

• Somfy: Pierre Ribeiro: +33 (0)4 50 40 48 49
• Shan: François-Xavier Dupont: +33 (0)1 44 50 58 74 / Alexandre Daudin: +33 (0)1 44 50 51 76