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SP PRESS RELEASE S SABAF SABAF GROUP Ospitaletto ( BS ) , 3 August 2021 SABAF : RECORD RESULTS IN THE FIRST HALF OF 2021 CONSOLIDATED RESULTS FOR THE FIRST HALF OF 2021 REVENUE : € 137.7 million ( € 78.2 million in the first half of 2020 ) , + 76 % EBITDA : € 32.2 million ( € 13.3 million in the first half of 2020 ) , + 142 % EBITDA / REVENUE : 23.4 % ( 17 % in the first half of 2020 ) EBIT : € 24 million ( € 4.8 million in the first half of 2020 ) , + 397 % NET PROFIT : € 16.7 million ( € 2.4 million in the first half of 2020 ) , + 591 % CONSOLIDATED RESULTS FOR Q2 2021 REVENUE : € 72.8 million ( € 34.3 million in the first quarter of 2020 ) , + 112 % EBITDA : € 17.1 million ( € 5.6 million in the second quarter of 2020 ) , + 205 % EBITDA / REVENUE : 23.4 % ( 16.3 % in the second quarter of 2020 ) EBIT : € 12.9 million ( € 1.5 million in the second quarter of 2020 ) , + 788 % NET PROFIT : € 8.2 million ( € 0.9 million in the second quarter of 2020 ) , + 846 % ➤ 2021 ESTIMATES REVISED FURTHER UPWARDS Sales expected between € 255 and € 260 million ( previous sales forecast over € 240 million ) Operating profitability ( EBITDA % ) estimated to be over 22 % of sales ( previous forecast EBITDA above 21 % ) " The absolute excellence of the results achieved in the first half of the year , a record for the Group , confirms the validity of our Business Plan and the strength of our organisation , which is able to fully grasp the opportunities offered by the current market phase , " said Pietro Iotti , Chief Executive Officer . " The strength of the ongoing trend and the consolidation of the new projects under development justifies the fourth upward revision of estimates for the current year and sets the conditions for very positive results also in 2022. "