SOMFY - Half-Year Financial Report 2019

2019 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 02

The impact of IFRS 16 application with effect from 1 January 2019 on property, plant and equipment is €42.1 million. Other changes in leased assets also include the reclassification at 1 January 2019 of leases initially restated under IAS 17, consisting of land and buildings with a gross value of €23.3 million and €8.2 million in associated accumulated depreciation. DIVIDENDS AND EARNINGS PER SHARE NOTE 8 — DIVIDENDS NOTE 8.1 The gross dividend proposed at the AGM of 22 May 2019 called to approve the 2018 financial statements was €1.40. It was paid on 5 June 2019.

EARNINGS PER SHARE NOTE 8.2

Basic earnings per share

30/06/19 6 months

30/06/18 6 months

Net profit ‒ Group share (€ thousands)

91,205

83,276

Total number of shares (1)

37,000,000 2,614,446 34,385,554

37,000,000 2,656,504 34,343,496

Treasury shares* (2)

Number of shares used in calculation (1) - (2)

BASIC EARNINGS PER SHARE (€)

2.65

2.42

Representing all treasury shares held by Somfy SA. *

Diluted earnings per share

30/06/19 6 months

30/06/18 6 months

Net profit ‒ Group share (€ thousands)

91,205

83,276

Total number of shares (1)

37,000,000 2,550,867 34,449,133

37,000,000 2,656,504 34,343,496

Treasury shares** (2)

Number of shares used in calculation (1) - (2)

DILUTED EARNINGS PER SHARE (€)

2.65

2.42

Free shares are excluded. **

Diluted earnings per share take into account shares allocated free of charge in determining the “number of shares used in calculation”.

FINANCIAL ITEMS NOTE 9 — NET FINANCIAL INCOME/(EXPENSE) NOTE 9.1

30/06/19 6 months

30/06/18 6 months

€ thousands

Cost of net financial debt

-1,074

-644

Financial income from investments – Financial expenses related to borrowings –

604

475

-1,678

-1,119

Of which financial charges related to IFRS 16 and IAS 17

-529 -942

-38

Effect of foreign currency translation

-3,233 1,379 -2,498

Other

117

NET FINANCIAL EXPENSE

-1,898

Net financial expense was €1.9 million for the six months to 30 June 2019, compared with an expense of €2.5 million for the period to 30 June 2018. The fall was mainly due to an improvement in unrealised exchange rate effects on foreign currency receivables and payables (USD and TRY in particular), partly offset by a lower reversal of the provisions on Garen’s financial assets in 2019 (€0.3 million in 2019 compared with €1.5 million in 2018).

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SOMFY – HALF-YEAR FINANCIAL REPORT 2019

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