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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide 
  distribution. The issuer is responsible for the content of this announcement. 
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Fonderie Mario Mazzucconi S.p.A. / APPROVAL OF THE FINANCIAL STATEMENTS FOR THE 
FISCAL YEAR ENDED ON 31 DECEMBER 2020 
 
Annual Financial Report 
 
Ponte San Pietro (BG) - Ponte San Pietro (BG), 28 July 2021 - Fonderie Mario 
Mazzucconi S.p.A. ("FMM" or the "Company") informs that the shareholders' 
meeting, on 21 July 2021, approved the financial statements of the Company for 
the fiscal year ended on 31 December 2020. 
Moreover, the 2020 consolidated financial statements of Maberfin S.p.A. - the 
holding company of the relevant group controlling 100% of the share capital of 
FMM - have been presented to the relevant shareholders' meeting held on 21 July 
2021. 
The key financial, economic and net-worth indicators, as at 31 December 2020, 
resulting from the consolidated financial statement are the following: 
 
                        (millions of EUR)                   Variation 
  Consolidated                                    (millions of 
    financial         2020            2019            EUR)             % 
    statement 
 Value of            179,83          213,41         (33,59)         - 15,7% 
 production 
 Costs of           (170,64)        (198,44)         27,80           -14,0% 
 production[1] 
 EBITDA Adjusted      9,18            14,97          (5,78)            // 
 % EBITDA Adj on 
 value of                   5,1%            7,0%       //                 - 1,9% 
 production 
 EBITDA               6,84            12,32          (5,49)            // 
 % EBITDA on 
 value of                   3,8%            5,8%       //                  -2,0% 
 production 
 EBIT                (6,33)          (4,02)          (2,31)            // 
 Financial           (4,20)          (4,27)           0,07             // 
 expenses 
 Income taxes 
 and deferred         0,01          (8,10)[2]          //              // 
 tax assets 
 Final result        (10,52)         (16,40)          5,87             // 
 
 Net worth            51,52           24,96         26,56[3]           // 
 Net financial        71,60           71,71          (0,11)            // 
 position 
 
With reference to the financial covenant, please note that, during the meeting 
held on November 12th, 2020 at the office of the Notary Public Dr. Federico 
Cornaggia in Milan, the bondholders unanimously approved the elimination of the 
Relevant Event relating to non-compliance with the Financial Covenant on the 
Calculation Dates of December 31, 2020, December 31, 2021 and December 31, 2022. 
 
[1] The item "Costs of production" includes the costs for the purchase of goods 
and services, personnel costs and contingent. 
[2] Please note that for the principle of prudence and in accordance with the 
application of the national accounting standards OIC, the Boards of Directors 
have decided to recalculate the amount of deferred tax assets in the amount of 
euro 3.5 million, recording a significant reduction of the same in the year 2019 
(i.e. a reduction of a total of EUR 8 million). 
[3] Please noted that pursuant to Decree no. 104/2020 of August - Law of 13 
Octber 2020 and previous ones, the companies of the Mazzucconi Group have 
revalued some categories of tangible assets. 
 
 
 
 
Further inquiry note: 
Edoardo Locatelli - Chief Financial Officer 
Tel. +39 035 4551269 
Email edoardo.locatelli@mazzucconi.com 
Internet website www.mazzucconi.com 
 
 
end of announcement                         euro adhoc 
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Attachments with Announcement: 
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http://resources.euroadhoc.com/documents/10102234/5/10764549/1/20210728_APPROVAL_OF_THE_FINANCIAL_STATEMENTS_FY_2020.pdf

(END) Dow Jones Newswires

July 28, 2021 04:14 ET (08:14 GMT)