Financial results

INCREASE IN REVENUES DESPITE THE NEGATIVE EXCHANGE RATE EFFECT (-8.3%) AND SIGNIFICANT IMPROVEMENT OF THE OPERATING INDICATORS

STRONG INCREASE IN THE NET INCOME AND POSITIVE NET FINANCIAL POSITION (€249M), THANKS TO THE EXTRAORDINARY OPERATION FOR THE SALE OF THE GAS PURIFICATON BUSINESS

• Consolidated revenues equal to €75.7 million, compared to €73.8 million in 1H 2017. Net of the negative exchange rate effect (-8.3%) organic growth equal to 10.8%

• Total revenues of the Group equal to €81.7 million, up by 1.4% compared to €80.6 million in 1H 2017

• Consolidated gross profit equal to €32.5 million (42.9% of revenues), up by 3.9% compared to €31.3 million (42.3% of revenues) in 1H 2017

• Consolidated operating income equal to €7.9 million, significantly increased (+56%) compared to €5.1 million in 1H 2017

• Consolidated EBITDA equal to €11.7 million (15.5% of revenues), up by 23.3% compared to €9.5 million (12.9% of revenues) in 1H 2017

• Net income from discontinued operations equal to €239.9 million (€13 million in 1H 2017), linked to the sale of the gas purification business

• Consolidated net income equal to €242.6 million, significantly increased when compared to €11 million in 1H 2017

• Consolidated net financial position positive and equal to €249 million, compared to a negative figure of -€16.5 million as at December 31, 2017