ONE GLOBAL GROUP
Somfy operates in 59 countries and is the world leader in automatic controls for openings and closures in homes and buildings. It offers a range of motorized solutions and control points and is a key player in smart home systems.
12/03/2024
La Fondation Somfy
Organization
22/01/2018
Commitment
Finance
News & media
27/05/2020
SOMFY RETURNS TO GROWTH AND APPOINTS SÉBASTIEN PICOT AS CHIEF EXECUTIVE OFFICER
06/03/2025 - 08:30 CETIn 2024, SOMFY achieved a 4.8% increase in revenue, driven by strong international performance, ongoing innovation efforts, and service expansion. Starting April 23, Sébastien Picot will take over as Chief Executive Officer, with the mission of strengthening this profitable growth momentum while continuing to enhance innovation and digital transformation for the benefit of both customers and a more sustainable world.
Download the reportThe Group’s 2024 revenue reached €1.5 billion, marking a 4.8% increase from the previous year despite a challenging industry environment. Growth was particularly strong in North America, Latin America, Eastern Europe, and the Middle East, as well as in service offerings.
Among the key highlights of the year, the acceleration of sales of solar product lines, the launch of Amy® io (a range of smart control points optimizing thermal comfort in every season) and the introduction of Animeo® Suite (an intuitive ecosystem of products and services to support the renovation of commercial buildings) illustrate the continuous pursuit of value creation for customers and the Group's significant investment in innovation.
The Group also continued its digital transformation efforts, focusing on infrastructure, work processes, and customer experience. In 2024, the roll-out of SAP continued in Europe and was successfully implemented in North America. With the French roll-out planned for 2025, SAP is now used by 13 entities, representing 37% of the Group’s total revenue.
Beyond service expansion, SOMFY remains committed to sustainability, with eco-designed products now accounting for 80% of its revenue and continued progress in reducing its carbon footprint.
Other key achievements in 2024 include team development and fostering a company culture that prioritizes customer-centricity and performance.
GOVERNANCE
The Group continues its development with the appointment of Sébastien Picot as Chief Executive Officer.
With strong expertise in sales, marketing, and strategy, developed notably through leadership roles at Essilor and SOMFY, Sébastien Picot will be responsible for accelerating the Group’s profitable growth in both France and international markets, pursuing the diversification strategy in services, and enhancing innovation and digitalization for the benefit of both customers and a more sustainable world.
He succeeds Pierre Ribeiro, under whose leadership SOMFY has undergone a profound transformation, already yielding results in operational efficiency, digitalization, and environmental responsibility.
Pierre Ribeiro is joining the family holding company, where he will be responsible for structuring and implementing a more comprehensive strategic management framework to support the growth of the group’s businesses.
Jean Guillaume Despature, Chairman of the Board of Directors, states: "With its strong fundamentals and the structural trends of digitalization and energy efficiency in buildings, SOMFY is well-equipped to tackle the challenges of today’s VUCA world and embark on a new stage of its development. After four years of deep transformation under Pierre Ribeiro’s leadership, Sébastien Picot’s appointment marks the beginning of a new chapter, which will ambitiously contribute to our vision: inspiring better, more accessible ways of living."
Sébastien Picot adds: "I am delighted to take the helm of the Group at such a pivotal moment in its growth. My goal is to sustain the strong growth momentum already underway and further strengthen our market position by putting our customers even more at the heart of our strategy."
Pierre Ribeiro comments: "Despite an uncertain economic and geopolitical environment, SOMFY has stayed the course. These four years leading SOMFY have allowed me to support our teams in service of our customers. I sincerely thank each of them, as well as the Executive Committee, with whom I have shared this journey. I wish Sébastien Picot every success as he takes over as CEO. As for me, I am delighted to continue my work within the family holding company.”
Biography:
Sébastien Picot joined SOMFY in September 2023 as Director of Sales and Brands. After beginning his career in strategy consulting at OC&C Strategy Consultants, he spent nearly 15 years at Essilor (now EssilorLuxottica), where he held various roles in marketing, sales, and subsidiary management across Europe and Latin America. He has extensive experience in BtoBtoC environments and leading multi-brand and multi-channel strategies.
Sébastien Picot is a graduate of ESSEC Business School and holds a Master’s in Financial Engineering from Université Paris I, La Sorbonne.
Profil
Founded in 1969 in France and now operating in 59 countries, SOMFY is the world leader in window and door automation.
A 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 more than 50 years, SOMFY has been using automation to improve living environments and is committed to creating reliable and sustainable solutions that promote better living and well-being for all.
CONTACTS
SOMFY: Aurélie Montessuit: aurelie.montessuit@somfy.com
Shan: Aurore Cantot: +33(0)6 09 96 00 70 / Aliénor Kuentz : +33 (0)6 28 81 30 83