Rotterdam, May 6, 2021 – Hunter Douglas, the world market leader in window coverings (Luxaflex®) and a major manufacturer of architectural products, results for Q1 2021:

.           Sales: 25.9% higher to USD 1,052.2 million,
compared with USD 835.8 million in Q1 2020.

The 25.9% sales increase reflects a 22.5% volume increase and 3.4% positive currency impact. Volume increased in all areas.

The sales increase reflects unusually strong demand for home furnishing products in particularly North America and Europe due to the COVID-19 crisis; including a high backlog from Q4 2020.

North America accounted for 53% of sales, Europe 38%, Asia 3%, Latin America 3%,
and Australia 3%. Window Coverings were 94% and Architectural Products 6% of sales.

.           Earnings before interest, tax, depreciation and amortization – EBITDA:

USD 182.5 million, compared with USD 88.1 million in Q1 2020.

.           Income from Operations:

USD 144.1 million compared with USD 49.6 million in Q1 2020. Results in local currencies were higher in all areas.

.           Profit before Tax: USD 144.0 million, compared with USD 48.4 million in Q1 2020.

.           Total Net Profit: USD 108.6 million (per share EUR 2.61) compared with
USD 38.6 million in Q1 2020 (per share EUR 1.00).

Operating cash flow:

USD 37.7 million negative compared with USD 5.2 million negative in Q1 2020.

The outlook is cautiously optimistic but dependent on the development of the COVID-19 crisis and an expected normalization of consumer demand.

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 134 companies with 47 manufacturing and 87 assembly operations in more than 100 countries. Hunter Douglas employs about 23,000 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 .

For further information:

Leen Reijtenbagh
Chief Financial Officer
Tel. +31 10 486 9582
E-mail :

A consolidated Statement of Income (Annex 1), Balance Sheet (Annex 2), Cash Flow Statement (Annex 3) and Sales change attribution percentages by geographic region (Annex 4) are attached.

Annex 1
Annex 2
Annex 3
Annex 4

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