Somfy announces strong sales growth for the 2021 financial year, still driven by a very healthy momentum in the first six months. Despite the ongoing shortage of electronic components and the pressure on raw materials, the Group continued its efforts to address market demand as effectively as possible during the second half-year.

Group sales were €1.48 billion for the 2021 financial year, an increase of 17.6% compared with the previous financial year (up 15.7% on a like-for-like basis). They included significant growth of 41.5% over the first six months (up 40.8% on a like-for-like basis), and a decline of 2.2% over the second half (down 5.0% on a like-for-like basis), taking into account atypical comparison bases in 2020 (decline over the first half and strong recovery during the second).

In comparison with the 2019 financial year, which was unaffected by the pandemic, Group sales recorded growth of 23.1% in real terms reflecting the buoyancy of the market.

All regions ended the 2021 financial year recording double-digit growth, except for Central Europe, which nevertheless proved resilient (up 0.7% on a like-for-like basis). This region posted strong growth in 2020 and was particularly impacted by the component shortage due to an unfavourable product mix.
Impressive performances were recorded in North America (up 27.7% on a like-for-like basis), a key region for the development of the Group, and in France (up 14.6% on a like-for-like basis), as well as in Latin America, Southern Europe and Africa & the Middle East (up 35.9%, 23.9% and 40.1% respectively on a like-for-like basis).

Over the financial year, the currency effect was negligible and the scope effect was €33.8 million, representing the contribution of Répar’stores, consolidated since 1 January 2021.

Sales of the equity-accounted Chinese subsidiary Dooya totalled €275.6 million over the financial year, an increase of 37.1% (up 33.0% on a like-for-like basis, including growth of 43.9% over the first half-year and 25.4% over the second). Sales were driven by both China (up 30.3% on a like-for-like basis) and the rest of the world (up 35.0% on a like-for-like basis).

Against a backdrop of ongoing shortages, Somfy confirms it expects growth in current operating result with a current operating margin rate similar to the previous year, thanks to steady sales and non-recurring one-off savings while having maintained a strong level of investments. The Group continues to work tirelessly in the face of supply challenges in order to limit their impact so it can fully serve its customers.

Founded in France in 1969, and now operating in 59 countries, Somfy is the world leader in window and door automation for homes and buildings.
Pioneer in the connected home, the Group is constantly innovating to guarantee its users comfort, well-being, and security in the home and is fully committed to promoting sustainable development.
For 50 years, Somfy has been using automation to improve living environments and has been committed to creating reliable and sustainable solutions that promote better living and well-being for all.

• Somfy: Pierre Ribeiro: +33 (0)4 50 40 48 49  
• Shan: Alexandre Daudin: +33 (0)1 44 50 51 76 / Aliénor Kuentz: +33 (0) 1 42 86 82 45 

Sales: the sales figures refer to the sales amounts generated with customers outside the Group. They are calculated based on customer location and therefore the destination of the sales.

Change in real terms: the change in real terms corresponds to the change on an actual consolidation scope and exchange rate basis.

Change on a like-for-like basis: the change on a like-for-like basis corresponds to the change at constant consolidation method, consolidation scope and exchange rates.

Geographic regions: the Group is organised into two geographic divisions, the first made up of Central Europe, Northern Europe, North America and Latin America (North & West), and the second made up of France, Southern Europe, Africa & the Middle East, Eastern Europe and Asia-Pacific (South & East).

Current operating margin: current operating margin corresponds to current operating result as a proportion of sales (COR/Sales).