SOMFY_HALF-YEAR_FINANCIAL_REPORT_2018

02 2018 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

ALTERNATIVE PERFORMANCE MEASURES NOTE 7.3

Current operating margin Note 7.3.1

Current operatingmargin, which corresponds to current operating result as a proportion of sales (COR/Sales), is an interesting performance indicator as it reflects operating profitability.

30/06/18 6 months 104,020 586,148

30/06/17 6 months 106,457 570,623

€ thousands

Current operating result

Sales

CURRENT OPERATING MARGIN

17.7%

18.7%

INVENTORIES NOTE 7.4

30/06/18

31/12/17 Restated for operations treated in accordance with IFRS 5

31/12/17

€ thousands

Gross values Raw materials and other supplies Finished goods and merchandise

61,151 135,055 196,206 -11,766 184,440

53,609 122,023 175,632 -11,280 164,352

65,562 131,127 196,689 -11,982 184,707

Total

Provisions

NET VALUES

Value 31/12/17

Net charges Exchange rate movements

Changes in consolidation scope and method

Value 30/06/18

€ thousands

-11,766

Inventory provisions

-11,982

-493

41

668

The change of consolidation method mainlyconcerns Dooya (see note 1.1).

OTHER NON-CURRENT AND CURRENT RECEIVABLES NOTE 7.5

Other non-current receivables Note 7.5.1

30/06/18

31/12/17 Restated for operations treated in accordance with IFRS 5

31/12/17

€ thousands

Gross values Other operating receivables Other non-operating receivables

6

4

4

2,087 2,093

2,102 2,107

2,102 2,107

TOTAL

The item “Other non-operating receivables” notably includes non-current receivables on the disposal of CIAT totalling €2.1 million at both 30 June 2018and 31 December 2017.

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SOMFY – HALF-YEAR FINANCIAL REPORT 2018