Emak S.p.a.MIL: EM

The Board of Directors approves the results for the first semester 2020

· Issued by Emak S.p.A.

Board of Directors of Emak S.p.A.

Approved consolidated results for the first semester 2020

Significant recovery in turnover in the second quarter (+7.3%)

Revenues from sales: € 247.5 million compared to € 243 million in the first semester 2019

EBITDA adjusted (*): € 33.2 million compared to € 31.1 million in the first semester 2019

EBIT: € 21.8 million compared to € 17.9 million in the first semester 2019

Consolidated net income: € 10.9 million compared to € 10.5 million in the first semester 2019

Net negative financial position: € 149.6 million (€ 120.7 million net of IFRS 16 effect), compared to € 169.1 million at 30 June 2019 (€ 136.3 million net of IFRS 16 effect).