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KENDRION ● ● ● Kendrion continues strong revenue and profitability growth as demand improves across all segments ● ● KENDRION N.V. INTERIM REPORT 20 21 Key figures Reported ( in EUR million ) Revenue EBITDA EBITA Net profit 25 August 2021 Economic recovery boosts HY1 revenues by 21 % to EUR 234.6 million compared with EUR 194.7 million in HY1 2020 Q2 revenue was EUR 119.3 million , 40 % higher than Q2 2020 ( EUR 85.1 million ) Normalized HY1 EBITDA increased by 46 % to EUR 31.9 million ( HY1 2020 : EUR 21.8 million ) Q2 normalized EBITDA came in at EUR 15.8 million , almost double the EBITDA over the same period last year ( EUR 8.1 million ) Normalized net profit before amortization more than doubled : EUR 12.5 million in HY1 2021 ( HY1 2020 : EUR 5.8 million ) Supply chain constraints , demand volatility and increasing raw material prices continued to affect business Financial position remains strong and investments in growth opportunities continue Normalized ( in EUR million ) ² Revenue EBITDA EBITA Q2 2021 119,3 15,7 9,7 5,4 EBITDA as a % of revenue EBITA as a % of revenue Return on invested capital¹ ( 12 months rolling ) 13,2 % 8,2 % Q2 2021 119,3 15,8 9,8 6,1 Net profit before amortization EBITDA as a % of revenue EBITA as a % of revenue Return on invested capital¹ ( 12 months rolling ) 13,3 % 8,2 % Q2 2020 delta 85,1 40 % 7,6 107 % 1,2 711 % 0,0 N / A 9,0 % 1,4 % PRECISION . SAFETY . MOTION . Q2 2020 delta 85,1 40 % 8,1 96 % 1,7 478 % 1,1 455 % 9,5 % 2,0 % - The quarterly and interim results are not audited - HY1 2021 HY1 2020 234,6 194,7 32,0 20,2 19,7 11,3 13,6 % 8,4 % 14,0 % ¹Invested capital excluding intangibles arising from acquisitions . 2Normalized for one - off costs and benefits . The bridge from reported to normalized figures can be found on page 12 . 7,4 3,0 10,4 % 3,8 % 4,6 % HY1 2021 HY1 2020 delta 234,6 194,7 21 % 31,9 21,8 46 % 19,6 9,0 118 % 12,5 5,8 116 % 13,6 % 8,4 % 15,5 % delta 21 % 58 % 166 % 277 % 11,2 % 4,6 % 8,5 % Page 1 of 17