19.11.2024 FUM Turnover Was Up 9% In The First 9 Months Of 2024, Compared To The First Nine Months of 2023

PRESS RELEASE

FRANCHI UMBERTO MARMI S.P.A.:

TURNOVER WAS UP 9% IN THE FIRST 9 MONTHS OF 2024,

COMPARED TO THE FIRST NINE MONTHS OF 20231

• Total Revenues as of September 30, 2024: Eur 61.8 million compared to Eur 56.4 million as of September 30, 2023 (approx. up 9%); an increase equal to about Eur 5.3 million mainly relating to sales in Asia, North America and Australia, in contrast to the slight contraction occurred in EMEA, including Italy.
• EMEA: revenues in the first nine months of 2024 reached Eur 33.4 million, a decrease of 4% compared to the same period of 2023, representing 54% of total Revenues for the period and confirming itself as the first geographical destination.
• Asia: revenues as of September 30, 2024 reached an amount equal to approx. Euro 13.6 million confirming itself as the second geographical destination and consolidating a particularly important result. The result is higher compared to the same period of 2023, equal to Eur 13.3 million, keeping a significant growing trend compared to previous years.
• Italy: revenues decreased by 1% (approx. Eur -0.3 million) compared to the same period of 2023; with approx. Eur 23.3 million, it confirms its position as leading country with 38% of total Revenues.
• North America: Revenues in the first nine months of 2024 reached Eur 10.7 million, up 65% compared to the same period of 2023, representing 17% of total Revenues for the period.
• Australia: Revenues in the Australian market represent the fourth geographical destination, contributing to 6% of the total Revenues for the period. In absolute terms, revenues reached Eur 3.4 million as of September 30, 2024, with a significant increase of 261% compared to the same period of the previous year.

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Alberto Franchi Chairman and Chief Executive Officer of the Company commented: "We are very proud to have achieved an almost double-digitgrowth in a year characterized by very difficult international situations caused by geopolitical events. The global footprint of our Group allows us to best seize the opportunities arising. In particular this year, the North American market is performing, delivering successful results, a sign that the strategy undertaken some time ago is effective. I would

1Revenues for 2023 refer to Franchi Umberto Marmi S.p.A., Recovery Stone and Marmoles Man S.r.l. (Marmoles Man only for the period 01.07.2023 - 30.09.2023). Revenues 2024 refer to Franchi Umberto Marmi S.p.A., Recovery Stone, Marmoles Man S.r.l. and FUM Australia PTY LTD (FUM Australia only for the period 01.07.2024 - 30.09.2024)

like to underline also the performance of Australia and Asian markets which confirm our ability in scouting areas with high potential, identifying future market development. .

In September we attended the 58th edition of Marmomac event in Verona, one of the most important fair worldwide, with our own stand. The event registered a high inflow of visitors and the excellent commercial feedback we received allows us to look with confidence to the last quarter of 2024."

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Carrara, November 19, 2024 - Franchi Umberto Marmi S.p.A., leading international company in the processing and trading of Carrara marble, listed on Euronext Growth Milan (Ticker: FUM) (the "Company") announces that total revenues as of September 30, 2024 amounted to Eur 61.8 million, with an increase of 9%, compared to the same period of the previous year.

Results as of September 30, 2024 - 9M

In particular, Revenues in Italy reached Eur 23.3 million, slightly down (-1%) compared to the same period in 2023, representing 38% of total Revenues for the period.

Revenues in EMEA amounted to Eur 33.4 million, slightly down compared to Eur 34.6 million recorded in the same period of 2023.

Revenues in Asia amounted to Eur 13.6 million , showing an increase, up 2% compared to the same period of 2023. The result achieved is particularly significant if we consider that the area has now become the second geographical destination for the product sold by the company.

Revenues achieved in North America in the first nine months of 2024 amounted to Eur 10.7 million Euro, significantly increasing compared to Eur 6.5 million recorded in the same period of 2023, representing 17% of total sales for the period.

The result achieved in Australia was also noteworthy (revenues of approx. Eur 3.4 million), whereas South America and Africa both recorded a decrease of 37%, representing a marginal portion of the Group's turnover (revenues of approx. Eur 0.3 million each).

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This press release is available on the Company's website https://www.fum.it/en/investors/price- sensitive-press-release/and at the authorised storage mechanism EMARKET STORAGE (www.emarketstorage.com).

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Franchi Umberto Marmi, established in 1971, is a leader in the processing and marketing of blocks and slabs of Carrara marble, a natural stone that perfectly embodies Italian craftsmanship and luxury, with special characteristics that make it unique in Italy and in the rest of the world.

Corporate website: www.fum.it/en