Rotterdam, August 10, 2021 – Hunter Douglas, the world market leader in window
coverings (Luxaflex®) and a major manufacturer of architectural products, results for the
first half year 2021:
. Sales: USD 2,243.6 million, 43.8% higher than USD 1,559.8 million in the first half of
2020.
The 43.8% sales increase reflects a 40.2% volume increase, a 4.2% positive currency
impact, a 0.4% increase from acquisitions and a 1.0% decrease from divestments.
Volume increased in all areas.
North America accounted for 51% of sales, Europe 40%, and Asia, Latin America and
Australia each 3%. Window Coverings were 94% and Architectural Products were 6% of
sales.
. Earnings before interest, tax, depreciation and amortization - EBITDA:
USD 436.1 million, compared with USD 164.5 million in the first half of 2020.
. Income from Operations (before other income/expense):
USD 357.6 million compared with USD 88.9 million in the first half of 2020. Results in
local currencies were higher in all areas.
. Other income/expense: USD 9.9 million negative compared with USD 44.5 million
negative in the first half of 2020. The 2021 charges relate to the adjustment to the future
purchase prices of interests in partially owned companies, while the 2020 charges mainly
relate to reorganization expenses in North America and Europe.
. Profit before Tax: USD 343.3 million compared with USD 39.3 million in the first half of
2020.
. Total Net Profit: USD 262.5 million (per share EUR 6.27) compared with USD 28.5
million in the first half of 2020 (per share EUR 0.74).
Capital expenditures were USD 47.8 million compared with USD 31.6 million in the first half of
2020, while depreciation was USD 66.1 million compared with USD 64.2 million in the first half of
2020. For the full year capital expenditures are expected to be approximately USD 125 million
and depreciation USD 130 million.
Operating cash flow: USD 200.8 million compared with USD 59.8 million in the first half of
2020.
Shareholder’s equity was USD 2,191.7 million compared with USD 1,925.4 million at the end
of 2020, reflecting the first half year results increased by a positive exchange translation.
RONAE (Return before interest/net assets employed) was 25.0% compared with 10.3% in the first half of 2020.

Q2 2021
Q2 Sales: USD 1,191.4 million, 64.6% higher than USD 724.0 million in the same period of
2020. The increase reflects a 60.6% volume increase, a 5.1% positive currency impact, a 1.0%
increase from acquisitions and a 2.1% decrease from divestments. Second quarter organic sales
were higher in all areas and were exceptionally high particularly compared with last year’s
collapse during this period.
Q2 Earnings before interest, tax, depreciation and amortization – EBITDA:
USD 253.6 million compared with USD 76.4 million in Q2 2020.
Q2 Income from Operations (before other income/expense): USD 213.5 million compared
with USD 39.3 million in Q2 2020. Results in local currencies were higher in all areas.
Other income/expense: USD 9.9 million negative compared with USD 44.5 million negative in
the first half of 2020. The 2021 charges relate to the adjustment to the future purchase prices of
interests in partially owned companies, while the 2020 charges mainly relate to reorganization
expenses in North America and Europe.
Q2 Profit before Tax: USD 199.3 million positive compared with USD 9.1 million negative in Q2
2020.
Q2 Total Net Profit: USD 153.9 million positive (per share EUR 3.68) compared with USD 10.1
million negative in Q2 2020 (per share EUR -0.26).
First half year 2021 by Region
Europe
European sales were USD 894 million, 43% higher than USD 625 million in the same period last
year. This reflects a 36% volume increase, a 8% positive currency impact, a 1% increase from
acquisitions and a 2% decrease from divestments.
North America
North American sales increased by 46% to USD 1,144 million. The sales increase mainly
reflects higher volume.
Latin America
Latin American sales were USD 58 million, 23% higher than USD 47 million in the same period
last year. The sales increase reflects higher volume.
Asia
Asian sales increased by 47% to USD 72 million. The higher sales reflect a volume increase of
43% and a 4% positive currency impact.

Australia
Australian sales were USD 76 million, 33% higher than USD 57 million in the same period last
year. The sales increase reflects a 18% volume increase and a 15% positive currency impact.

The outlook is positive but there are uncertainties as to when the pattern of consumer
discretionary spending will normalize, the development of COVID-19 and the impact of inflation
on interest rates and the economies.
Hunter Douglas is in a strong position in terms of its brands, products, distribution and finances.
Profile Hunter Douglas
Hunter Douglas is the world market leader in window coverings and a major manufacturer of
architectural products. The Company has its Head Office in Rotterdam, the Netherlands, and a
Management Office in Lucerne, Switzerland. The Group is comprised of 136 companies with 47
manufacturing and 89 assembly operations in more than 100 countries. Hunter Douglas employs
about 23,500 people and had sales in 2020 of USD 3.5 billion.
The common shares of Hunter Douglas N.V. are traded on Amsterdam’s Euronext and the Frankfurter Börse .
The consolidated first half year report, prepared in accordance with IAS 34, is available on our
website www.hunterdouglasgroup.com