SOMFY - Annual financial report 2018

07 CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED INCOME STATEMENT

€ thousands

Notes (4.1.1) (4.1.2)

31/12/18 1,126,719

31/12/17*

Sales

1,089,351

Other operating income

17,967

18,723

Cost of sales

-412,683 -342,134 -171,894 217,975 -40,009

-399,166 -324,591 -170,602 213,715 -38,169

Employee expenses External expenses

EBITDA

Amortisation and depreciation charges Charges to/reversal of current provisions

(5.2) & (5.3)

-43 -78

461

Gains and losses on disposal of non-current operating assets

-1,304

CURRENT OPERATING RESULT

177,845

174,704

Other operating income and expenses

(4.2)

2,440

-218

Goodwill impairment OPERATING RESULT

(5.1.1)

-10,143 170,142

–

174,486

Financial income from investments – Financial expenses related to borrowings –

1,050 -2,299 -1,249 -3,056 -4,305

1,627 -2,261

Cost of net financial debt

-634

Other financial income and expenses

-4,005 -4,639

NET FINANCIAL EXPENSE

(7.1)

PROFIT BEFORE TAX

165,837 -29,530

169,847

Income tax

(11.1) (13.1)

-3,987 -1,491

Share of net profit/(loss) from associates

1,429

NET PROFIT FROM CONTINUING OPERATIONS

137,736

164,368

NET PROFIT FROM OPERATIONS TREATED IN ACCORDANCE WITH IFRS 5

(2.4)

2,630

-6,627

CONSOLIDATED NET PROFIT Attributable to Group share

140,366 140,458

157,742 159,912

Attributable to Non-controlling interests

-92

-2,170

Basic earnings per share (€) Diluted earnings per share (€)

(6.2) (6.2)

4.09 4.09

4.66

4.66 The financial statements have been restated following the change in the consolidation method of Dooya (application of IFRS 5, see note 2.4.2). *

73

SOMFY – ANNUAL FINANCIAL REPORT 2018