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Salvatore Ferragamo PRESS RELEASE Salvatore Ferragamo S.p.A. The Board of Directors approves the Consolidated Half Year Financial Report as of 30 June 2021 Revenue up 44.2 % vs. 1H 2020 , Operating Profit ( EBIT ) at 66 million Euros , Net Profit 33 million Euros and Positive Net Financial Position5 of 205 million Euros US , Mainland China and Korea lead the strong improvement in profitability Retail Revenues in July and August close to pre - Covid levels Revenues : 524 million Euros ( + 44.2 % vs. 363 million Euros at 30 June 2020 , + 46.2 % at constant exchange rates² ) Gross Operating Profit ( EBITDA¹ ) : 144 million Euros ( vs. 32 million Euros at 30 June 2020 ) • Operating Profit ( EBIT ) : 66 million Euros ( vs. -72 million Euros at 30 June 2020 ) • Net Profit : 33 million Euros ( vs. -86 million Euros at 30 June 2020 ) Net Financial Position5 : positive for 205 million Euros ( vs. 58 million Euros positive at 30 June 2020 ) During the same meeting the Board of Directors has : Granted all powers of ordinary administration to the Executive Vice Chairman Michele Norsa Launched the Treasury Shares purchasing plan 1