SOMFY - Annual financial report 2018

07 CONSOLIDATED FINANCIAL STATEMENTS

However, growth was hampered on a like-for-like basis in North America (up 1.0%), particularly as a result of the restructuring of logistics at the main local trading partner, in Africa and the Middle East (down 2.4%), due to the instability of the economic and political environments, and in China (down 8.5%), due to tensions in the high-end segment of the market.

324.5

4.7% 4.7%

1,126.7

1,089.4

FRANCE

310.1

178.3

3.7% 3.7%

GERMANY

172.0

120.5

9.8% 10.7%

NORTHERN EUROPE

109.7

131.5

CENTRAL & EASTERN EUROPE

11.1% 12.3%

118.4

119.2

3.9% 4.4%

SOUTHERN EUROPE

114.7

67.2

AFRICA & MIDDLE EAST

TOTAL SALES

-10.7% -2.4%

75.3

3.4% 5.2%

54.8

ASIA-PACIFIC (EXCLUDING CHINA)

3.8% 8.5%

52.8

13.7

-10.9% -8.5%

CHINA

15.4

93.6

NORTH AMERICA

-3.4% 1.0%

96.9

23.3

-3.2% 8.6%

CENTRAL & SOUTH AMERICA

24.0

31/12/18 31/12/17

Change N/N-1 Change N/N-1 like-for-like

69

SOMFY – ANNUAL FINANCIAL REPORT 2018