Slides
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COMPANY PRESENTATION Conference Call H1 2026 Financial results Sept. 11th , 2026
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Certain statements in this slide show,including those addressing the Company’sbeliefs,plans, objectives,estimates or expectations of possible future results or events, are forward-looking statements. Forward-looking statements involve known or unknown risks, including general economic and business conditions, and conditions in the industry we operate and may be affected should our assumptions turn out to be inaccurate. Consequently, no forward-looking statement can be guaranteed and actual future results, performance, or achievements may vary materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation about the contents nor to update the forward-looking statements to reflect events or circumstances that may arise after the date hereof. 2DISCLAIMER
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Highlights – H1 2026 3 2026 Financials - Euro '000 P&L 30/06/2025 % 30/06/2026 % Var.% Revenues 225.903 246.454 9,1% EBIT 31.558 14,0% 43.436 17,6% 37,6% Revenues 30/06/2025 % 30/06/2026 % Var.% Medical 206.131 91,2% 227.501 92,3% 10,4% Industrial 19.772 8,8% 18.953 7,7% -4,1% P&L (w/o IFRS5) 30/06/2025 % 30/06/2026 % Var.% unaudited Revenues 285.336 300.101 5,2% EBIT 34.649 12,1% 44.926 15,0% 29,7%
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Income Statement 4 Euro '000 30/06/2025 % 30/06/2026 % Var. % Medical 206.131 91,2% 227.501 92,3% 10,4% Industrial 19.772 8,8% 18.953 7,7% -4,1% Revenues 225.903 100,0% 246.454 100,0% 9,1% Gross margin 109.195 48,3% 122.779 49,8% 12,4% Operating Expenses 26.563 11,8% 26.897 10,9% 1,3% Staff espenses 45.148 20,0% 47.149 19,1% 4,4% EBITDA 37.484 16,6% 48.734 19,8% 30,0% Depr., amort., accruals 5.926 2,6% 5.298 2,1% -10,6% EBIT 31.558 14,0% 43.436 17,6% 37,6% Net financ.income(charges) (2.009) -0,9% 1.714 0,7% Other income (expense) net (205) -0,1% (1.761) -0,7% 758,8% EBT 29.344 13,0% 43.389 17,6% 47,9% Income taxes (9.504) -4,2% (13.703) -5,6% 44,2% Discontinued operations (2.568) -1,1% (2.487) -1,0% -3,1% Minorities 660 0,3% (1.101) -0,4% NET INCOME 17.932 7,9% 26.098 10,6% 45,5% 31/12/25 30/06/26 Net financial position 172.212 184.515
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Income Statement w/o IFRS5 5 Euro '000 30/06/2025 % 30/06/2026 % Var. % unaudited Medical 206.131 72,2% 227.501 75,8% 10,4% Industrial 79.205 62,8% 72.600 24,2% -8,3% Revenues 285.336 100,0% 300.101 100,0% 5,2% Gross margin 126.211 44,2% 138.061 46,0% 9,4% Operating Expenses 30.943 10,8% 30.641 10,2% -1,0% Staff espenses 53.045 18,6% 55.241 18,4% 4,1% EBITDA 42.223 14,8% 52.180 17,4% 23,6% Depr., amort., accruals 7.574 2,7% 7.254 2,4% -4,2% EBIT 34.649 12,1% 44.926 15,0% 29,7% Net financ.income(charges) (2.662) -0,9% 1.836 0,6% Other income (expense) net (261) -0,1% (1.771) -0,6% 578,0% EBT 31.726 11,1% 44.991 15,0% 41,8% Income taxes (10.408) -3,6% (13.543) -4,5% 30,1% Discontinued operations (4.046) -1,4% (4.248) -1,4% 5,0% Minorities 660 0,2% (1.101) -0,4% NET INCOME 17.932 6,3% 26.098 8,7% 45,5% 31/12/25 30/06/26 unaudited Net financial position 172.212 161.196
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Balance Sheet 6 Euro '000 31/12/25 30/06/26 Var.% Total non current assets 118.766 99.904 -15,9% Net Working Capital 184.586 153.936 -16,6% Other receivables/payables ST (31.183) (25.784) -17,3% Net financial position 172.212 184.515 7,1% Long term liabilities 16.907 14.251 -15,7% Net Equity 427.474 435.607 1,9% Discontinued operation 0 37.288 Net capital employed 255.262 251.092 -1,6% Net Working Capital on sales 31,2% 31,2% ROCE (EBIT/Net capital employed) 30,5% 34,6% Operating Capex 19.376 7.476
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Cash Flow – H1 2026 7 15 mln * Nopat =Ebit-Income tax **D&A= Depreciation, Accruals and Devaluation ***NWC= Net Working Capital 21 mln7,5 mln 16 mln
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Revenue Breakdown by Business 8 Medical: +10% Industrial: -4% in Euro million +11% +15% +1% +2% -17% -15% +34%
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Revenue Breakdown by Area 9 in Euro million -16% +17% +8% +8% -15% +1% Medical: +10% Industrial: -4%
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102026 Guidance Revenues increase > +5% EBIT% 2026 > EBIT% 2025
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CONTACTS El.En. S.P.A. Enrico Romagnoli Investor Relations Manager tel. +39 055-8826807 E-mail: finance@elen.it POLYTEMS HIR Financial Communication, IR and Press Office Bianca Fersini Mastelloni - b.fersini@polytemshir.it Silvia Marongiu - s.marongiu@polytemshir.it Tel. +39 06-69923324