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ApplusⓇ 2021 First Half Results Announcement 27 July 2021 Applus Services , S.A. ( " Applus + " or " the Group " ) , one of the world's leading and most innovative companies in Testing , Inspection and Certification , today announces the results for the first half year ended 30 June 2021 ( " the period " ) . Highlights • • • • • • • Strong revenue and margin increase over 2020 and on track for full recovery next year Auto and Labs in line with pre COVID - 19 levels whilst E & I and IDIADA making good progress Inorganic growth strategy : Four acquisitions closed year to date and good pipeline Strategic repositioning : Sustainable and continued diversification towards higher growth and margin end markets Leverage and liquidity are comfortably supporting the investment and growth strategy Outlook revised up H1 2021 Results : ○ Revenue of € 843.0 million up 13.7 % ( organic¹ up 8.5 % ) 。 Operating profit² of € 80.3 million up 133 % ( organic¹ up 119 % ) 。 Operating profit² margin of 9.5 % ( 4.7 % H1 2020 ) Reported net profit € 14.7 million ( € 169.9m loss H1 2020 ) ○ ○ Free cash flow² of € 41.7 million ( down 52 % ) ○ Net debt / EBITDA³ ratio of 2.7x and liquidity of € 585 million 1 . Organic is at constant exchange rates 2. Adjusted for Other results , amortisation of acquisition intangibles and impairment ( page 4 ) 3. Excluding IFRS 16 Fernando Basabe , Chief Executive Officer of Applus + : " The business has achieved a strong recovery in this second quarter and first half , when compared to the equivalent period last year that was significantly affected by coronavirus , also delivering good quarter on quarter sequential growth . This encouraging overall increase in revenue and profit is across most business lines . The improvement in revenue coupled with the cost control and portfolio mix , has translated to a strong increase in the adjusted operating profit and margin which reached 10.3 % in the second quarter . We had a strong increase in EBITDA offset by a larger than normal working capital outflow resulting in good cash flow , albeit below the level generated last year . The 1