Page 1

C.G ELECTRONIC ENGINEERING 2.2 3.1 REGEM Press release • • • • The Bod of El.En. approves the financial report as of March 31st 2021 Record results for the Group in the first quarter Improved guidance Consolidated Revenues : 116,4 million of euro up 60 % on the 73 million of euro of 1Q , 2020 EBITDA : 15,6 million of euro vs. 7,1 million of euro in 2020 ( up 120 % ) EBIT : 12,9 million of euro vs. 4,5 million of euro in ( up 187,5 % ) Net financial position : cash positive for 75,8 million of euro up on the 69,2 million as of December 21st , 2020 - Florence , May 14 , 2021 The Board of Directors of El.En. S.p.A. , leader on the laser market and listed on the STAR segment of the Italian Stock Exchange , approved today the financial report as of March 31 , 2021 . In the first three months of 2021 the El.En. Group recorded consolidated revenues for 116,4 million of euro , with an approximately 60 % increase compared to the 73 million of euro of March 31 , 2020 and an EBIT of 12,9 million of euro , up approximately 187,5 % on the 4,5 million of euro as of March 31 , 2020 , and with an EBIT margin of 11.1 % . Gabriele Clementi , President of El.En. said : " We can't hide our great satisfaction in sharing with the market the excellent result of the first quarter of 2021 which confirms , albeit still in an uncertainty climate , the signs of recovery already recorded in the second half of 2020. The reference markets of the Group are offering important opportunities . In several areas we have already recovered what was lost due to the pandemic and we expect to perform even better over the next few months thanks also to a significant order backlog that allows us to look to the future with confidence , confirming , at the moment , the expectation of a significant increase in turnover and profitability " The fortieth anniversary of the foundation of El.En. was just celebrated , an anniversary that falls in a particularly flourishing period of the Group's activities , testifying to the great initial intuition of the founders and the great quality and intensity of the work performed by themselves and by all the collaborators of the Group in recent years . Just a few days before this anniversary , Prof. Leonardo Masotti left us . He was one of the two founders of El.En. , its scientific soul , inspirer of the most significant innovative products and applications , university professor who generously disseminated his knowledge among his students and within all the functions and structures of El.En .. We remember him with affection and gratitude . In the first quarter of 2021 , in continuity with the end of 2020 , the growth progression of the Group continued after the parenthesis due to the effects of Covid , with a level of turnover and profitability 1