HUNTER DOUGLAS RESULTS 2014

Rotterdam, March 11, 2015 – Hunter Douglas, the world market leader in window coverings (Luxaflex®) and a major manufacturer of architectural products, results for 2014:

Sales: 2.2% higher to USD 2.695 billion, compared with USD 2.636 billion in 2013.
Earnings before interest, tax, depreciation and amortization (before non-recurring restructuring expenses) - EBITDA: USD 282.3 million, 8.2% higher than USD 260.9 million in 2013.
Income from Operations (before non-recurring restructuring expenses): 13.5% higher to USD 193.3 million, compared with USD 170.3 million in 2013. Results were better in all areas, except in North America where they were level and Latin America where they were lower.
Non-recurring restructuring expenses: USD 23.0 million, compared with USD 11.5 million in 2013. These expenses mainly relate to North America and Europe.
Profit before Tax: USD 151.8 million, 12.0% higher than USD 135.5 million in 2013.
Total Net Profit: USD 125.0 million (per share EUR 2.71), 16.7% higher than USD 107.1 million in 2013 (per share EUR 2.32).

Sales: The 2.2% sales increase reflects a 3.9% volume increase and a 1.7% negative currency impact. Volume increased in all areas.

North America accounted for 43% of sales, Europe 38%, Latin America 9%, Asia 7% and Australia 3%. Window coverings were 81% and architectural and other Products were 19% of sales.

Investment Portfolio: In November an Investment Portfolio of about USD 100 million was restarted on the same basis as previously. In 2015 the Portfolio will be increased to USD 200 million at cost.

Operating cash flow: USD 152 million, compared with USD 220 million in 2013.

Capital expenditures were USD 73 million, compared with USD 69 million in 2013, while depreciation was USD 82 million, compared with USD 83 million in 2013.

In 2015 capital expenditures will be about USD 65 million and depreciation USD 80 million.

Shareholders’ equity was USD 1,050 million, compared with USD 1,124 million at the end of 2013. The 2014 earnings were negatively offset by exchange translation, the payment of a dividend (USD 59 million) and by an increased actuarial provision on pension plans.

Financing: All borrowings are covered by committed long term facilities.

Return before interest on Net Assets Employed – RONAE

(before non-recurring restructuring expenses): 12.3% compared with 10.4% in 2013.

Employees: The company had approximately 16,500 employees at the end of 2014.

Dividend: The Board of Directors proposes a dividend for 2014 of EUR 1.35 per common share, compared with EUR 1.25 last year.

Q4 2014

Q4 Sales were USD 682 million, 0.2% higher than USD 681 million in the same period of 2013. This reflects a 5.2% volume increase and a negative currency impact of 5.0%. Sales in local currencies were higher in all areas, except in Europe where they were level and in Latin America where they were lower.

Q4 Earnings before interest, tax, depreciation and amortization – EBITDA was USD 77.3 million, compared with USD 76.5 million in Q4 2013.

Q4 Income from Operations (before non-recurring restructuring expenses) was USD 52.6 million, compared with USD 54.7 million in Q4 2013. Results were better in all areas, except in Latin America.

Q4 Non-recurring restructuring expenses: USD 17.0 million, compared with USD 11.5 million last year. These expenses mainly relate to North America and Europe.

Q4 Total Net Profit: USD 27.3 million (per share EUR 0.63), compared with USD 21.6 million in Q4 2013 (per share EUR 0.45).

Total year 2014 by Region

Europe

European operations had higher sales and significantly improved results.

European sales were USD 1,022 million, 2% higher than USD 1,006 million in the same period last year. This reflects a 2% volume increase. In EUR, sales increased by 2% to EUR 771 million, compared with EUR 757 million in 2013.

North America

North American sales were higher while profits were level.

Sales increased by 5% to USD 1,155 million, due to a 6% increase in volume and a 1% negative currency impact.

Latin America

Latin American operations had higher sales but lower operational profits in local currency.

Sales were USD 239 million, 7% lower than USD 257 million in the same period last year. This reflects a 4% volume increase, offset by a 11% negative currency impact.

Asia

Asian operations had slightly higher sales and operational profits.

Sales were USD 186 million, 3% higher than USD 181 million in the same period last year, due to a 4% increase in volume offset by a 1% negative currency impact.

Australia

Australian sales were USD 93 million, level compared with the same period last year, reflecting a 6% volume increase and a 6% negative currency impact.

Outlook

We expect further improving economic conditions in the US and Asia, more difficult conditions in Latin America and an ongoing challenging environment in Europe until consumer confidence and housing markets recover.

Hunter Douglas is in a strong position in terms of its products, distribution, finances and management.

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 125 companies with 50 manufacturing and 75 assembly operations in more than 100 countries. The common shares of Hunter Douglas N.V. are traded on Amsterdam’s Euronext and Deutsche Boerse.

For further information:

Leen Reijtenbagh

Chief Financial Officer

Tel. +31 10 486 9582

E-mail : l.reijtenbagh@hdnv.nl

Website: www.hunterdouglasgroup.com

A consolidated Statement of Income for the full year 2014 and Q4 2014 (Annex 1+2), Balance Sheet (Annex 3), Cash Flow Statement (Annex 4) and Sales change attribution percentages by geographic region for the full year 2014 and Q4 2014 (Annex 5) are attached.