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Press release Safilo GROUP Q3 and 9M 2021 Trading Update Q3 AND 9 MONTHS 2021 TRADING UPDATE Solid business and market trends confirm Safilo's sales and profits above 2020 and 2019 Double - digit organic² sales growth vs 2019 driven by the US and the beginning of a recovery in Europe Sales development and progress on costs saving program driving significant recovery of profitability In Q3 2021 • Net sales € 226.6M , + 2.6 % vs 2020 , + 11.1 % vs 2019 at constant currencies • Adj.¹ EBITDA € 19.1M , + 33.3 % vs 2020 , + 45.9 % vs 2019 Adj.¹ EBITDA margin 8.4 % vs 6.5 % in 2020 , 6.2 % in 2019 In 9M 2021 • Net sales € 737.4M , + 37.3 % vs 2020 , + 8.7 % vs 2019 at constant currencies • Adj.¹ EBITDA € 68.8M , + 593.1 % vs 2020 , + 26.6 % vs 2019 Adj.¹ EBITDA margin 9.3 % vs -2.5 % in 2020 , 7.7 % in 2019 ● Group Net Debt € 228.3M vs € 222.1M at December 31 , 2020 Padua , November 9 , 2021 – The Board of Directors of Safilo Group S.p.A. has today reviewed and approved the third quarter and the first nine months of 2021 economic and financial key performance indicators . Angelo Trocchia , Safilo Chief Executive Officer , commented : " Positive consumer trends in our key markets and product categories allowed us to close another strong quarter of recovery and growth despite the dampening effect of a still complex environment in a number of countries and our challenging comparison bases in the midst of our brand portfolio overhaul . The robust organic² growth we recorded in our key regions led our total net sales to increase by 11.1 % at constant exchange rates compared to Q3 2019 and to also surpass Q3 2020 . This positive development of the top line , coupled with the further progress in our cost of goods sold saving program , allowed us to achieve , in the period , a significant improvement of our operating performance . In the quarter , our strategic priority to expand the reach of our brand portfolio to new consumer generations , into the digital universe where we keep investing , was further advanced thanks to the new licensing agreement we signed with Chiara Ferragni . This press release may use ' alternative performance indicators ' not foreseen by the IFRS - EU accounting standards ( EBITDA and Net debt ) , and whose meaning and contents are illustrated in the specific section of the press release and in accordance with the CESR / 05-178b recommendation published on 3rd November 2005 . 1