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Serge Ferrari group Press release Strong growth in 2021 half - year results ■ Record revenues up 81.6 % to € 144.7 million EBIT : € 14.3 million ■ Strong generation of operating cash flow Short to medium - term growth targets confirmed Saint - Jean - de - Soudain , September 6 , 2021 , 5:45 pm CEST - SergeFerrari Group ( FR0011950682 – SEFER ) is a leading global supplier of innovative flexible composite membranes under the Serge Ferrari and Verseidag brands and is listed on Euronext Paris - Compartment C. The Group today announced , today announces its consolidated results for the first half of 2021 , ended June 30 , as approved by the Board of Directors on September 6 , 2021. The Statutory Auditors have conducted a limited review of the consolidated financial statements . The 2021 Financial Report will be available on the SergeFerrari Group website ( www.sergeferraribourse.com ) in the Investors section under Financial documents . Consolidated financial statements subject to a limited review ( reports currently under preparation ) ( Єm ) Revenues H1 2021 H1 2020 Change 144.7 79.7 + 82 % Adjusted EBITDA * EBIT 21.6 9.8 + 125 % 14.3 4.2 x3.4 Operating income 14.0 4.2 x3.3 Net income , Group share 8.7 2.5 x3.5 Net debt ** 38.9 15.3 Shareholders ' equity 109.5 98.0 Adjusted EBITDA = EBIT +/- change in depreciation , amortization and provisions + CVAE , excluding appropriations related to operating leases ( IFRS 16 ) ** Excluding operating lease liabilities ( IFRS 16 ) Sébastien Ferrari , SergeFerrari Group Chairman and CEO , commented : " The outstanding first half sales and operating performance confirms our leadership on our core markets and has driven our profit margins and net income up sharply . In a context of rising raw material prices , partly reflected in the sales prices , our profit margins were boosted by extensive use of industrial capacity and improvements in operating efficiency . Now that commercial leverage has been activated , we will continue to optimize our industrial plant during the second half of the year by generating maximum synergies with Verseidag and F.I.T in order to take full 1/3