Revenues at €341.1m

vs 371.1m in Q3 2019

EBITDA at € 47.6m

vs €44.4m in Q3 2019

EBIT at € 15.6m

vs €13.1m in Q3 2019

Net Income at € +5.6

vs € 1.4m in Q3 2019

FCF1 at € 28.0m

vs €2.8m in Q3 2019

Net debt1 at € 299.0

vs € 256.2m end of 2019

1. FCF and Net debt excluding IFRS 16

• Down 8.1% on a reported basis (-1.3% at constant exchange rate) outperforming in all regions and at global level despite mix
• In Q3 growth in China, India and North America
• 14.0% on sales vs 12.0% in PY thanks to a higher contribution margin and a lower fixed cost
• € 6.9 million in restructuring costs vs € 1.3 million in Q3 2019
• € 15.6m positive EBIT, higher than 2019 in amount and % (4.6% vs 3.5%)
• In Q3 2020 assets write-down was €1.8 million vs €0.2 million in Q3 2019
• After tax charges for € -3.8 million vs €-4.4 million in Q3 2019
• Free Cash Flow back to positive at € 28.0 million vs €2.8 million in Q3 2019
• Net debt of € 299.0 vs € 256.2 million end of 2019 and € 264.6 million end September 2019