27.04.2023 - FUM - Turnover growth in the first quarter of 2023: +7%

PRESS RELEASE

FRANCHI UMBERTO MARMI S.P.A.:

TURNOVER GROWTH IN THE FIRST QUARTER OF 2023: + 7% COMPARED TO

MARCH 31st, 2022

• Total Revenues as of March 31st, 20231: EUR 22.7 million compared to EUR 21.1 of the first quarter of 2022 (+7%); the strong increase in revenues was driven by sales growth in Turkey, South Korea and India.
• Extraordinary result achieved in Turkey where, in the first quarter of 2022, revenues of EUR 1.1 million were recorded, with an increase of 239% compared to the same quarter of 2022.
• Revenues in Italy equal to EUR 12.3 million in the first quarter of 2023 (54% of total revenues), slightly growing compared to the first quarter of 2022 (+4%).
• Among the main products sold, Statuario recorded a growth of 21% compared to those achieved during the first quarter of 2022, reaching EUR 6.9 million in the first quarter of 2023.

Alberto Franchi Chairman and Chief Executive Officer of the Company commented: "The result achieved in the first quarter of 2023 is particularly important because it comes after having gained Company's record turnover in 2022 . The further growth of 7% obtained during the first three months of 2023 shows a consolidated trend that allows us to look to the future with optimism.

The results achieved come from important projects acquired in Turkey and South Korea proving that the global success of Carrara marble is such that it allows us to identify and develop new projects that support our growth."

Carrara, April 27th 2023 - Franchi Umberto Marmi S.p.A., an international leader in the processing and marketing of Carrara marble, listed on Euronext Growth Milan (Ticker: FUM) (the "Company") announces that the total revenues as of March 31st, 2023 ammounted to EUR 22.7 million, with an increase of 7%, compared to EUR 21.1 million in the same period of the previous year, with a

significant contribution given by sales in Turkey, South Korea and India.

In particular, as of March 31st, 2023 sales made in Turkey, equal to EUR 1.1 million, significantly grew by +239% compared to the same period of 2022, reaching 5% of total sales for the period.

Sales on the Italian market, as of March 31st, 2023, recorded a growth of +4%, compared to the first three months of 2022, reaching EUR 12.3 million equal to 54% of total revenues, confirming the healthiness of the domestic market.

1 Revenues reported in this Press Release refer to unaudited operating data.

Sales slightly decreased in China, -18% with EUR 2.6 million in revenues, and in the United States, - 20% with EUR 1.2 million in revenues. Despite the decrease recorded during the first three months of 2023 compared to the same period of 2022, China and the United States are confirmed as reference markets for FUM. The decrease is mainly due to logistical reasons which led to postpone shipments in the following months.

Among the main products sold, Statuario strenghtened its position on the market, recording sales equal to EUR 6.9 million in the first quarter of 2023, with a growth of +21% compared to the same period of 2022, reaching 30% of total sales. It is also important to note that as of March 31, 2023 the Calacatta sales stood at EUR 5.0 million, representing 22% of total sales, with a slow down of 28% compared to the same period of 2022. This decrease was offset by the growth of other types of marble sold equal to EUR 6.8 million in the first three months of 2023, recording an increase of 48% and reaching 30% of total revenues and by the growth of Venatino equal to EUR 1.9 million, recording an increase of 7% compared to the first 3 months of 2022.

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This press release is available on the Company's website https://www.fum.it/en/investors/price-sensitive-press-release/and at the authorised storage mechanism EMARKET STORAGE (www.emarketstorage.com).

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Franchi Umberto Marmi, established in 1971, is a leader in the processing and marketing of blocks and slabs of Carrara marble, a natural stone that perfectly embodies Italian craftsmanship and luxury, with special characteristics that make it unique in Italy and in the rest of the world.

Contacts
Franchi Umberto Marmi S.p.A.	IMI - Intesa Sanpaolo	Image Building:
	Euronext Growth Advisor	Media Relations
Via del Bravo n. 14	Largo Mattioli 3	Rafaella Casula
54033 Carrara (MS)	20121 Milan	Tel: [phone]
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Corporate website:https://www.fum.it/en/