SOMFY_HALF-YEAR_FINANCIAL_REPORT_2018

02 2018 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

CASH FLOW STATEMENT

30/06/17 Published after

Reclassif cation ofDooya in

30/06/17 Restated

31/12/17 Published

Reclassif cation ofDooya in

31/12/17 Restated

allocation ofMyfox

accordance with IFRS 5

accordance with IFRS 5

€ thousands

acquisition cost

Consolidated net profit

83,535

— 83,535 157,742

— 157,742

Net profit from operations treated in accordance with IFRS 5

— 1,195 1,195

— 6,627 6,627

Net profit from continuing operations

83,535 22,775

1,195 84,730 157,742 -4,198 18,577 43,440 2 -631 -607 — -436 -601 — 3,989 6,359

6,627 164,368 -8,277 35,163 217 -391

Depreciation and amortisation ofassets (excluding current assets) Charges to/reversals of provisions for liabilities Unrealised gainsandlosses related tofairvaluemovements Unrealised foreign exchange gains and losses Income and expenses related to stock options and employee benefits Depreciation, amortisation, provisions and other  non-cash items

-633 -436

— -601 — 6,359

3,989

-466

— -466 1,790

— 1,790

25,229

-4,196 21,033 50,381

-8,060 42,321

Profit on disposal of assets and others Share of net profit/(loss)from associates

82

82 164 1,846

-231 1,615 — 968 1,232 -1,600 -432 207,673 -820 634 -340 5,589 -11,714 -21,618 1,102 -18,459 -12,203 173,819

204 -95

— 204

968

Deferred tax expense

440 346 -2,831 -2,478 106,478 208,106 -389 144 1,454 -441 16,127 5,929 1,555 -59,871 -9,905 689 -17,079 -19,562 -1,064 45,798 186,021

Cash flow

108,956

Cost of net financial debt (excluding non-cash items)

532

Tax expense (excluding deferred tax) Change in working capital requirements

16,568 -61,426 -17,768 46,862

Tax paid

NET CASHFLOW FROM OPERATING ACTIVITIES (A) Acquisition-related disbursements: intangible assets and property, plant and equipment –

-33,258 -1,109

5,836 -27,422 -65,801 10 -1,099 -1,536

9,025 -56,776

non-current financial assets –

11 -1,526

Disposal-related proceeds: intangible assets and property, plant and equipment –

306

-181 125 1,309 — 4,400 9,795

-562 746 — 9,795 190 877 — 8

non-current financial assets – Change in current financial assets

4,400

429

80 509

687

Dividends paid by non-consolidated companies

—

— — 8

Interest received

200

— 200

387

-4 382

NET CASHFLOW FROM INVESTING ACTIVITIES (B)

-29,032

5,745 -23,287 -55,152

8,660 -46,492

Increase in loans

5,982 -1,159

-5,949

33 4,925

-4,863

61

Reimbursement of loans

— -1,159 -2,113 — — 5 — -41,909 -41,909

— -2,113 — 5 — -41,909 — 271 823 -2,266

Net increase in shareholders’ equity of subsidiaries

—

Dividends and interim dividends paid

-41,909 1,055 -1,428 -37,459

Movement in treasury shares

— 1,055

271

Interest paid

358 -1,070 -3,089 -5,592 -43,051 -41,911

NETCASHFLOWFROM FINANCING AND CAPITAL ACTIVITIES (C) Netcashflowfromoperations treated in accordance with IFRS 5 (D) Impact of changes in foreign exchange rates on cashand cash equivalents (E) NET CHANGE IN CASH AND CASH EQUIVALENTS (A + B + C + D  + E) CASHANDCASHEQUIVALENTS AT THE START OF THE PERIOD CASHANDCASHEQUIVALENTS AT THE END OF THEPERIOD

-4,040 -45,951

—

118 118

— 6,527 6,527

-1,670

793 -878 -2,642

1,056 -1,587

-21,299 126,249 104,950

— -21,299 86,316 — 126,249 126,249 — 104,950 212,564

— 86,316 — 126,249 — 212,564

20

SOMFY – HALF-YEAR FINANCIAL REPORT 2018