GVS S p A : Interim Report on Operations at 30 September 2021

Interim report on operations at 30

September 2021

GVS Group

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CONTENTS..........................	3
INFORMATION ABOUT THE COMPANY AND INFORMATION FOR SHAREHOLDERS
GROUP STRUCTURE* ...............................................................................................................................................	4
CORPORATE BODIES................................................................................................................................................	5
DIRECTORS' REPORT ON OPERATIONS.............................................................................................................	6
Foreword ........................................................................................................................................................................	6
Group performance and analysis of the results for the period ending on 30 September 2021. ..............................	6
Investments. .................................................................................................................................................................	12
Research and development. ........................................................................................................................................	12
Additional information................................................................................................................................................	13
Principal risks and uncertainties................................................................................................................................	13
Inter-groupand related party transactions...............................................................................................................	13
Significant events occurring during the period.........................................................................................................	14
Events subsequent to the close of the period .............................................................................................................	14
Business outlook...........................................................................................................................................................	15
FINANCIAL STATEMENTS AT 30 September 2021.............................................................................................	16
Consolidated statement of assets and liabilities* ......................................................................................................	16
Consolidated income statement* ................................................................................................................................	17
Comprehensive consolidated income statement........................................................................................................	18
Prospectus of changes in consolidated shareholders' equity....................................................................................	19
Consolidated statement of cash flows*.......................................................................................................................	20
EXPLANATORY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AT 30 SEPTEMBER	21
2021	...............................................................................................................................................................................
1.	General information...........................................................................................................................................	21
2.	Structure and content of the consolidated financial statements .....................................................................	21
3.	Valuation criteria ...............................................................................................................................................	24
4.	Estimates and assumptions................................................................................................................................	25
5.	Business combinations .......................................................................................................................................	25
6.	Explanatory Notes to the main consolidated income statement items ...........................................................	26
7.	Non-recurringrevenues and operating costs ...................................................................................................	31
8.	Additional information ......................................................................................................................................	31
ATTACHED TABLES................................................................................................................................................	32

Consolidated statement of financial position, with indication of the amounts of positions with related parties. 32

Consolidated income statement, with indication of the amounts of positions with related parties.......................	33
Consolidated statement of cash flows, with indication of the amounts of positions with related parties.............	34
Consolidated income statement, with indication of the amounts deriving from non-recurring transactions......	35
DECLARATION OF THE MANAGER RESPONSIBLE FOR THE PREPARATION OF THE COMPANY'S
ACCOUNTING DOCUMENTS PURSUANT TO ARTICLE 154-BIS PARAGRAPH 2 OF LEGISLATIVE	36
DECREE 58/98 ............................................................................................................................................................

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INFORMATION ABOUT THE COMPANY AND INFORMATION FOR SHAREHOLDERS

REGISTERED OFFICE

GVS S.p.A.

Via Roma 50

40069 Zola Predosa

BOLOGNA, ITALY

Phone [phone]

Fax + 39 051 6176200

www.gvs.com

LEGAL INFORMATION

Share capital: Euro 1,750,000

Tax code 03636630372

VAT number 00644831208

REA of Bologna 0305386

Register of Companies of Bologna 45539

INVESTOR RELATIONS

E-mail [e-mail]

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GROUP STRUCTURE*

*For information on the company name, registered office, the currency in which the Company operates, share capital of the GVS Group companies and the stake held by GVS SpA, please see the Explanatory Notes.

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CORPORATE BODIES

Board of Directors
Chair	Grazia Valentini (2)
Chief Executive Officer	Massimo Scagliarini
Executive Directors	Marco Scagliarini
	Mario Saccone
	Matteo Viola
Independent Directors	Nadia Buttignol (1)
	Arabella Caporello (1)
	Alessandro Nasi (2)
	Michela Schizzi (1) (2)
Board of Statutory Auditors
Chair	Patrizia Lucia Maria Riva
Standing auditors	Francesca Sandrolini
	Stefania Grazia
Substitute auditors	Daniela Baesi
	Mario Difino
Manager responsible for the preparation of the
company's accounting documents	Emanuele Stanco

Independent auditors

PricewaterhouseCoopers SpA

1. Member of the Control, Risk and Sustainability Committee
2. Member of the Nominations and Remuneration Committee

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