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SOGEFI PRESS RELEASE RESULTS HIGHER IN FIRST NINE MONTHS OF 2021 Revenues at € 990.0 million : up by 20.9 % at constant exchange rates on 9M 2020 Better performance than the market in all geographical areas EBITDA margin at 14.6 % of revenues higher than in first 9M of 2020 ( 11.8 % ) and 2019 ( 12.1 % ) Net income from continuing operations € 24.3 million ( loss of € 15.6 million in 9M 2020 and earnings of € 14.9 million in 9M 2019 ) Positive Free Cash Flow of € 25.1 million ( negative for € 55.6 million in 9M 2020 and for € 4.2 million in 9M 2019 ) Highlights from the results for 9M 2021 * ( in € m ) 9M 2019 9M 2020 9M 2021 A % Revenues EBITDA ** 1089.2 829.3 990.0 +19.4 A % at constant exchange rates +20.9 131.5 98.1 144.1 EBIT 41.9 3.3 49.4 Net result ( continuing 14.9 -15.6 24.3 operations ) Net result Net debt ( end of period ) 8.3 264.6 -23.2 -2.0 299.0 267.4 before IFRS16 * It should be noted that the figures for the years 2020 and 2019 have been restated on application of IFRS 5 ( " Non - current assets held for sale and discontinued operations " ) to the Brazilian , Spanish and Argentinian subsidiaries of the Filtration Business Unit , which were sold in December 2020 , January 2021 and August 2021 respectively . ** EBITDA is calculated by adding to the item " Ebit " the line " Amortization and Depreciation " and the amounts of the write- down of tangible and intangible assets included in the item " Other non - operating costs ( revenues ) " , equal to € 8.2 million at September 30 2021 ( € 8.1 million in the same period of the previous year ) . Milan , October 22 2021 - The Board of Directors of Sogefi S.p.A. , which met today under the chairmanship of Monica Mondardini , has approved the Interim Financial Report of the group as of September 30 2021 , as presented by Chief Executive Officer Frédéric Sipahi . Sogefi , a company of the CIR Group , is one of the main global producers of automotive components in three sectors : Air and Cooling , Filtration and Suspensions . 1