Page 1

FILA Il futuro ha i nostri colori . Da 100 anni . PRESS RELEASE • BOD OF F.I.L.A. S.P.A. APPROVES H1 2021 RESULTS REVENUE OF EURO 324.7 MILLION ( + 11.1 % AT LIKE - FOR - LIKE EXCHANGE RATES ON H1 2020 ) FINE ART , HOBBY & DIGITAL GROWTH CONTINUES , + 13.0 % STRONG SCHOOL & OFFICE RECOVERY , + 9.4 % ADJUSTED EBITDA OF EURO 58.5 MILLION ( + 30.8 % AT LIKE - FOR - LIKE EXCHANGE RATES ON H1 2020 ) FINE ART , HOBBY & DIGITAL GROWTH , RECOVERY OF SCHOOL & OFFICE IN THE HIGHER - PROFITABILITY GEOGRAPHICAL AREAS AND BETTER SALES PRICE - MIX EFFECT SUPPORT MARGIN INCREASE TO 18.0 % ON REVENUES ADJUSTED GROUP NET PROFIT OF EURO 26.6 MILLION UP SIGNIFICANTLY ON EURO 9.5 MILLION IN H1 2020 NET BANK DEBT OVER LAST 12 MONTHS IMPROVES EURO 78.4 MILLION , INCLUDING POSITIVE CURRENCY EFFECT OF EURO 11.0 MILLION INDIA AND MEXICO STILL IMPACTED BY COVID - 19 Adjusted revenue in H1 2021 of Euro 324.7 million , + 5.6 % on same period of the previous year ( Euro 307.6 million in H1 2020 ) , + 11.1 % at like - for - like exchange rates . Fine Art growth continues ( + 13.0 % on H1 2020 ) , accompanied by School & Office recovery ( + 9.4 % on H1 2020 ) , supporting further European market growth ( + 22.1 % ) . Strong performances also in other geographical areas over the same period of the previous year ( North America + 2.5 % , Central- South America + 39.8 % , Asia + 3.4 % ) ; • Adjusted EBITDA in H1 2021 ( net of IFRS 16 effects ) of Euro 58.5 million , + 26.8 % ( +12.4 Euro million ) on the same period of the previous year , + 30.8 % at like - for - like exchange rates , in particular thanks to growth in Europe and North America , despite the Euro 2.4 million reduction in EBITDA in India and Mexico ; • EBITDA Margin up on H1 2020 ( 18 % vs 15 % ) , thanks to solid Fine Art performance , major School & Office recovery in the higher - profitability geographical areas and a better Price - Mix ; F.I.L.A. Fabbrica Italiana Lapis ed Affini GIOTTO tratto | PONGO DAS LYRA Germany LUKAS ST CUTHBERTS MILL CANSON® Strathmore MaimeRi DALER ROWNEY PRINCETON ARTIST BRUSH ARCHES GIOTTO 3