SOMFY_ANNUAL_FINANCIAL_REPORT_2017

07 CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED INCOME STATEMENT

€ thousands

Notes (4.1.1) (4.1.2)

31/12/17 1,246,573

31/12/16*

Sales

1,131,739

Other operating income

18,908

18,219

Cost of sales

–484,571 –364,653 –200,313 215,944 –46,445

–410,100 –333,783 –189,259 216,816 –39,605

Employee expenses External expenses

EBITDA

Amortisation and depreciation charges Charges to/reversal of current provisions

(5.2) & (5.3)

439

978

Gains and losses on disposal of non-current operating assets

–1,535 168,403

–587

CURRENT OPERATING RESULT

177,603

Other operating income and expenses

(4.2)

–218

–218

OPERATING RESULT

168,185

177,385

Financial income from investments – Financial expenses related to borrowings –

1,631

1,980

–3,085 –1,454 –4,403 –5,857 162,328 –3,095 –1,491 157,742 159,912 –2,170

–2,825

Cost of net financial debt

–845

Other financial income and expenses

–1,272 –2,117 175,268 –31,286

NET FINANCIAL EXPENSE

(7.1)

PROFIT BEFORE TAX

Income tax

(11.1) (13.1)

Share of net profit/(loss) from associates

–684

CONSOLIDATED NET PROFIT Attributable to Group share

143,297 140,957

Attributable to Non-controlling interests

2,341

Basic earnings per share (€)** Diluted earnings per share (€)**

(6.2) (6.2)

4.66 4.66

4.11

4.10 The financial statements have been restated following the determination of the fair value of Myfox’s assets and liabilities (see note 2.3). * 2016 figures have been restated to reflect the 5-for-1 share par value split carried out in 2017. **

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SOMFY – ANNUAL FINANCIAL REPORT 2017