Extrafin SpA: Approval of the half-year financial report at 30th June 2021

Udine (pta012/13.08.2021/08:00 UTC+2) 13th August 2021 - Extrafin S.p.A. ("Extrafin" or the "Company") informs that, on 28th July 2021, the Technical Management Committee unanimously approved the half-yearly financial report as of 30th June 2021 prepared by the Company's Administrative Body.

The main consolidated economic and financial data that can be deduced from the financial statements are presented below in summary form.

Values (Eur)	1H2021	1H2020	Var. (abs)	Var. %
Revenues	152.950	25.479	+127.471	+500,3%
EBITDA	40.276	-48.519	+88.795	+183,0%
EBIT	40.232	-49.375	+89.607	+181,5%
Profit	40.232	-49.375	+89.607	+181,5%

Values (Eur)	30/06/2021	30/06/2020	Var. (abs)
Net assets	1.303.387	1.007.817	+295.570

During the first half of 2021 the Company generated revenues of Eur 152,950. The volume is the largest the Company has ever recorded since its establishment (64,089 FY2019, 61,214 FY2018, 25,585 FY2017, 14,226 FY2016, 33,827 FY2015). Costs show a slight increase mainly determined by the hiring of two FTEs.

No depreciation and write-downs were recorded by virtue of the application of the "August" decree (converted with amendments by law no. 126/2020) which introduced the possibility of suspending the depreciation of tangible and intangible fixed assets (article 60, paragraphs 7-bis and 7-quinquies) in the regulatory context intended to deal with the crisis due to the pandemic.

The profit is therefore attested at Eur 40,232, against Eur -49,375 recorded in the first six months of 2020.

Sound balance sheet values.

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