(Boursier.com) — The Group’s turnover Somfy amounted to 1.207 billion euros over the first 9 months of the financial year, up 4.7% in real terms and 2.8% like-for-like compared to last year over the same period.
3rd quarter sales amounted to 361 million euros, up 3.6% in real terms, and were almost stable on a like-for-like basis (-0.7%) compared to the year last over the same period. As a reminder, the turnover of Teleco Automation has been integrated into the Group’s accounts since July 1, 2022, and the integrated part amounts to 9 ME over the quarter.
Despite the deteriorated macro-economic environment, activity remained stable over the period, reflecting the promising structural trends in the housing market.
Outlook
In a macro-economic and geopolitical environment that remains uncertain, household consumption decisions are likely to continue to lead to a contraction in demand in the short term.
The Group remains vigilant as to the evolution of the situation, and anticipates for the coming weeks an activity in the continuity of that of the last months.
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