SOMFY_ANNUAL_FINANCIAL_REPORT_2017

03 OVERVIEW OF THE CONSOLIDATED FINANCIAL STATEMENTS

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OVERVIEW OF THE CONSOLIDATED FINANCIAL STATEMENTS

€ millions Net sales

31/12/17

31/12/16*

1,246.6

1,131.7

Current operating result**

168.4 168.2 157.7 159.9 208.1

177.6 177.4 143.3 141.0 181.7 –39.6 657.8 –15.5 533.0 7,928 64.5

Operating result

Consolidated net profit Net profit – Group share

Cash flow

Net investments in property, plant and equipment and intangible assets

64.5

Amortisation and depreciation charges**

–46.4 770.7

Shareholders’ equity Net financial debt*** Non-current assets Average workforce

–104.6

548.3 8,848

The financial statements have been restated following the determination of the fair value of Myfox’s assets and liabilities. * Including amortisation charges relating to intangible assets allocated following acquisitions for an amount of –€3.2 million in 2017 and –€2.6 million ** in 2016. (–) Net financial surplus. *** Takes into account liabilities related to put options granted to holders of non-controlling interests and earnout of €78.1 million in 2017 and €80.4 million in 2016, and deferred payments of a financial nature of €5.2 million in 2017 and €5.6 million in 2016.

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SOMFY – ANNUAL FINANCIAL REPORT 2017