THE BOARD OF DIRECTORS APPROVES Q1 2024 CONSOLIDATED RESULTS

Robust profitability, EBITDA adj margin at 19%, supported by Electrode Technologies Business (26.9%)

Backlog +8% vs. 31 December 2023

Pools division: 27% sequential revenue recovery from fourth quarter 2023

330 MW of technologies for green hydrogen realized

Revenues: euro 189.1 million (euro 216.9 million in Q1 2023)

Adjusted EBITDA1: euro 35.9 million (euro 46.7 million in Q1 2023)

Net Profit: euro 18.0 million (euro 25.0 million in Q1 2023)

Positive Net Financial Position of euro 9.4 million (euro 10.1 million in Q1 2023)

*****

THE BOARD OF DIRECTORS HAS APPOINTED ANNA CHIARA SVELTO, NON-EXECUTIVE AND INDEPENDENT DIRECTOR

1 Adjusted Gross Operating Margin (EBITDA) excludes non-recurring items of approximately euro 475 thousand, mainly related to termination costs.

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Industrie De Nora S.p.A. published this content on 08 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2024 13:22:02 UTC.