SOMFY - Half-Year Financial Report 2019

2019 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 02

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

HIGHLIGHTS NOTE 1 15

24

DIVIDENDS AND EARNINGS PER NOTE 8 SHARE

Note 1.1 15 Note 1.2 15 Note 1.3 15

First-time application of IFRS 16 Changes to the consolidation scope

Note 8.1 24 Note 8.2 24

Dividends

Earnings per share

Contingent liabilities

FINANCIAL ITEMS NOTE 9 24

POST BALANCE-SHEET EVENT NOTE 2 15 ACCOUNTING RULES AND NOTE 3 METHODS 15 Compliance with accounting standards Note 3.1 15 Judgements and estimates Note 3.2 15 New applicable standards and interpretations Note 3.3 16 Seasonality Note 3.4 18 OPERATIONS TREATED IN NOTE 4 ACCORDANCE WITH IFRS 5 – MAJOR IMPACTS IN 2018 SEGMENT REPORTING NOTE 5 18 PERFORMANCE-RELATED DATA NOTE 6 19 Sales by customer location Note 6.1 19 Other operating income and expenses Note 6.2 20 Alternative performance measures Note 6.3 20 Inventories Note 6.4 21 Other non-current and current receivables Note 6.5 21 18

Note 9.1 24 Note 9.2 25

Net financial income/(expense) Financial assets and liabilities

26

ANALYSIS OF CASH FLOW NOTE 10 STATEMENT

Note 10.1 26 Note 10.2 26

Cash and cash equivalents

Change in working capital requirements

27

PROVISIONS AND CONTINGENT NOTE 11 LIABILITIES

Note 11.1 27 Note 11.2 27

Provisions

Contingent liabilities

WORKFORCE NOTE 12 27 INCOME TAX NOTE 13 28 INVESTMENTS IN ASSOCIATES AND NOTE 14 JOINT VENTURES, AND RELATED PARTIES 29 Investments in associates and joint ventures Note 14.1 29 Related parties Note 14.2 29

22

INTANGIBLE ASSETS AND NOTE 7

PROPERTY, PLANT AND EQUIPMENT

LIST OF CONSOLIDATED ENTITIES NOTE 15 30

Note 7.1 22 Note 7.2 22 Note 7.3 23

Goodwill and impairment test

Other intangible assets

Property, plant and equipment

14

SOMFY – HALF-YEAR FINANCIAL REPORT 2019