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International version! Translate in your native language:
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Somfy Group 3-minute news round-up
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A message from Pierre Ribeiro
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For several months, the macroeconomic and geopolitical situation has sent shockwaves through the global economy. The sharp increase in inflation and interest rates has hit consumer confidence, leading to trade-offs in household spending that are likely to impact demand in the short-term.
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SOMFY is not immune to this deteriorated environment and has reported a 5.1% sales growth for the first half of 2022 after a marked slowdown in the second quarter, and a current operating result down 7.4% compared with 2021 – an exceptional year both for business activity and results in a particularly buoyant market. Nevertheless, our current operating margin remains high at 23.4%, below the record figure posted in 2021, but much higher than the pre-Covid period.
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Despite a short-term market downturn, we will continue rolling out our Ambition 2030 and making the strategic investments needed to deliver growth in order to better meet customer demand and foster your professional development. The budgetary savings each of us will be required to make over the coming months will help us adapt to this business environment by refocusing our efforts on priority projects for the company.
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Building on our fundamentals, we are confident in the long-term solidity of our business model. Market trends remain structurally buoyant, thanks to an awareness of energy-efficiency challenges and a shift in social attitudes towards digitalization for greater comfort and security. I firmly believe that, by demonstrating resilience and accountability, we can achieve our Ambition 2030.
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I would once again like to thank everyone for their daily commitment and I know I can count on you to continue efforts in the months to come.”
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Pierre Ribeiro
Chief Executive Officer
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+5.1%
The sales growth
of the SOMFY group in the first half of 2022.
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Eco-design in the spotlight
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To coincide with European Sustainable Development Week, throughout September, Somfy is running a large-scale digital campaign to promote its eco-designed products. It aims to encourage customer installers and manufacturers to choose its products and promote the brand to consumers. Take a look at the campaign on Somfy’s websites, LinkedIn, Facebook and Instagram.
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A fresh look at ethics
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At the top of the training agenda this fall: the launch by Somfy Campus of an e-learning module on the Group’s Charter of Ethics. Discover an overview of our principles and practical examples to better apply them – in short, everything you need to become the trusted partner of our customers and stakeholders. Let’s get started!
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EXPRESS
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 Professional development interview: 20 days to go. You have until September 30 to complete your interview. Need assistance? Take a look at the user guides in your Help Center on IHRIS or contact your human resources team.
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SOMFY: proud of the AuRA team. The team sponsored by Somfy earned third place in the Solar Decathlon Europe, an international student-based competition that challenges teams to design highly efficient buildings powered by renewable energy. Find out more about the renovation project, including SOMFY’s solutions, here.
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TaHoma compatible with Yale smart locks. Somfy has signed a partnership with Yale, a brand at the forefront of the smart home security market (ASSA ABLOY Group), for Europe, Scandinavia, India, and the Asia-Pacific region. Tailor-made scenarios, personalized experiences... this integration meets all customer needs.
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YAMMER POST OF THE MONTH
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Published over summer, you may have missed this post from our colleague Enric Escoda presenting the new Somfy brand center in Barcelona. Take a video tour!
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