Presentations and reports

H1 2026 RESULTS

Net sales at €512.0M, -1.9% cFX
Gross margin at 67.2% from 61.1%
Adjusted EBITDA at 16.8% from 11.6%
Group net profit at € 49.4 M, +46.7%

Free Cash Flow of 36.4M
Net debt at €5.4 M from €46.1 M at the end of December 2025

2026 adjusted economic results include € 20.0 million of refunds for duties previously paid in the United States, recognized in P&L, mostly as a reduction of costs of goods sold