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FILA Il futuro ha i nostri colori . Da 100 anni . PRESS RELEASE BOD OF F.I.L.A. S.P.A. APPROVES Q1 2021 RESULTS REVENUE OF EURO 141.7 MILLION ( + 3.1 % AT LIKE - FOR - LIKE EXCHANGE RATES ON Q1 2020 ) FINE ART , HOBBY & DIGITAL + 15.7 % , UP ON ALL MARKETS INDIA AND MEXICO STILL IMPACTED BY COVID - 19 IN Q1 2021 ADJUSTED EBITDA OF EURO 20.1 MILLION ( + 21.2 % AT LIKE - FOR - LIKE EXCHANGE RATES ON Q1 2020 AND + 9.2 % ON Q1 2019 ) GROWTH IN FINE ART , HOBBY & DIGITAL AND IN HIGHER PROFITABILITY GEOGRAPHICAL AREAS , ALONG WITH FIXED COSTS STREAMLINING , SUPPORTS PROFITABILITY WHICH INCREASE TO 14.2 % ADJUSTED GROUP NET PROFIT AT EURO 7.1 MILLION SIGNIFICANTLY UP ON THE SAME PERIOD OF THE PREVIOUS YEAR ( EURO -0,2 MILLION ) NET BANK DEBT OVER LAST 12 MONTHS IMPROVES EURO 63.3 MILLION , INCLUDING POSITIVE CURRENCY EFFECT OF EURO 12.9 MILLION • Adjusted revenue in Q1 2021 of Euro 141.7 million , -2.8 % on same period of the previous year ( Euro 145.8 million in Q1 2020 ) , + 3.1 % at like - for - like exchange rates . Fine Art ( + 15.7 % ) and Industrial ( + 14.2 % ) growth was partially offsetted by School & Office contraction ( -3.9 % ) . At geographical area level , growth was mainly in Europe ( + 18.3 % ) , both on the School & Office and Fine Art segments , while North America and Asia saw contractions ( -3.9 % and -5.4 % respectively ) , exclusively as a result of the School & Office decline , while Fine Art reported growth also on these markets . • Adjusted EBITDA in Q1 2021 ( net of IFRS 16 effects ) of Euro 20.1 million , + 19.6 % ( + 21.2 % at like - for - like exchange rates ) on the same period of the previous year ( Euro 16.8 million ) . Improving sales for higher profitability products ( Fine Arts ) and geographical areas ( Europe ) supported strong margin growth in Q1 2021 , with a profitability of 14.2 % on revenue ; F.I.L.A. Fabbrica Italiana Lapis ed Affini GIOTTO tratto 5408 PONGO DAS LYRA MaimeRi Germany LUKAS ST CUTHBERTS MILL CANSON® Strathmore DALER ROWNEY PRINCETON ARCHES ARTIST BRUSH GIOTTO 3