Interim Financial Report as at 30 September 2021

Interim Financial Report as at 30 September 2021

INDEX

PREFACE ...............................................................................................................................	4
INTERIM MANAGEMENT REPORT AS AT 30 SEPTEMBER 2021 ................................................	5
HIGHLIGHTS ..........................................................................................................................	6
MAIN ECONOMIC AND FINANCIAL FIGURES ..........................................................................	8
INDICATORS........................................................................................................................	10
SHAREHOLDER INFORMATION ............................................................................................	12
RECLASSIFIED CONSOLIDATED INCOME STATEMENT ...........................................................	14
RECLASSIFIED CONSOLIDATED BALANCE SHEET ...................................................................	17
CONDENSED RECLASSIFIED CONSOLIDATED CASH FLOW STATEMENT..................................	19
INCOME STATEMENT REVIEW .............................................................................................	20
BALANCE SHEET REVIEW .....................................................................................................	39
ACQUISITION OF COMPANIES AND BUSINESSES ..................................................................	50
OUTLOOK ...........................................................................................................................	51
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS AT 30 SEPTEMBER 2021 52
CONSOLIDATED STATEMENT OF FINANCIAL POSITION.........................................................	53
CONSOLIDATED INCOME STATEMENT .................................................................................	55
STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME ................................................	56
STATEMENT OF CHANGES IN CONSOLIDATED EQUITY..........................................................	57
STATEMENT OF CONSOLIDATED CASH FLOWS .....................................................................	59
SUPPLEMENTARY INFORMATION TO THE STATEMENT OF CONSOLIDATED CASH FLOWS .....	60
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		Interim Financial Report as at 30 September 2021
NOTES.................................................................................................................................	61
1.	General Information	.................................................................................................61

2. Impacts of COVID-19 emergency on the Group's performance and financial position,

	measures adopted, risks and areas of uncertainty ..................................................	62
3.	Acquisitions and goodwill ........................................................................................	63
4.	Intangible fixed assets with finite useful life............................................................	65
5.	Tangible fixed assets ................................................................................................	66
6.	Right-of-use assets ...................................................................................................	67
7.	Share Capital ............................................................................................................	68
8.	Net financial position ...............................................................................................	69
9.	Financial liabilities ....................................................................................................	71
10.	Provisions for risk and charges.................................................................................	75
11.	Lease liabilities .........................................................................................................	76
12.	Revenues from sales and services............................................................................	76

13. Operating costs, depreciation and impairment, financial income-expenses and taxes

	..................................................................................................................................	76
14.	Performance Stock Grant.........................................................................................	77
15.	Non-recurring significant events..............................................................................	78
16.	Earnings (loss) per share ..........................................................................................	78
17.	Transactions with parents and other related parties ..............................................	80
18.	Contingent liabilities ................................................................................................	81
19.	Financial risk management ......................................................................................	81
20.	Translation of foreign companies' financial statements..........................................	82
21.	Segment reporting ...................................................................................................	83
22.	Accounting policies ..................................................................................................	88
23.	Subsequent events...................................................................................................	92
ANNEXES ............................................................................................................................	93
Consolidation scope ...........................................................................................................	93
Declaration of the Executive Responsible for Corporate Accounting Information pursuant
to Article 154-bis of Legislative Decree 58/1998 (Consolidated finance act)....................	97

Disclaimer

This report contains forward looking statements ("Outlook") relating to future events and the Amplifon Group's operating, economic and financial results. These forecasts, by definition, contain elements of risk and uncertainty, insofar as they are linked to the occurrence of future events and developments. The actual results may be very different with respect to the original forecast due to a number of factors, the majority of which are out of the Group's control.

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Interim Financial Report as at 30 September 2021

PREFACE

This Interim Financial Report was prepared in accordance with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) endorsed by the European Union and should be read together with the Group's consolidated financial statements as at and for the year ended 31 December 2020 that includes additional information on the risks and uncertainties that could impact the Group's operating results or its financial position.

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INTERIM MANAGEMENT REPORT

AS AT 30 SEPTEMBER 2021