Periodic Financial Statements at September 30, 2021

PERIODIC

FINANCIAL STATEMENTS

at September 30, 2021

CONTENTS
Board of Directors of the parent company Piovan S.p.A. .............................................................	5
Presentation and Group structure................................................................................................	9
Group Performance ....................................................................................................................	12
General economic overview ...................................................................................................	12
Significant events in the period..............................................................................................	12
Subsequent events to the end of the period..........................................................................	14
Outlook ...................................................................................................................................	14
Group operating performance ...............................................................................................	16
Equity and financial profile of the Group ...............................................................................	20
Consolidated financial statements at September 30, 2021........................................................	24
Consolidated statement of financial position ........................................................................	24
Consolidated statement of profit and loss .............................................................................	26
Consolidated statement of comprehensive income ..............................................................	27
Consolidated statement of cash flows ...................................................................................	28
Statement of changes in consolidated equity ........................................................................	29
Explanatory notes to the consolidated financial statements .....................................................	30
Explanatory Notes to the Consolidated Statement of Financial Position ..............................	38
Explanatory Notes to the Consolidated Statement of Profit and Loss...................................	54
Other Information ..................................................................................................................	61

Company information of the parent company Piovan S.p.A.

Registered Office: Via delle Industrie 16 - 30036 S. Maria di Sala (Venice) Italy

Telephone: [phone]

Certified e-mail: [e-mail]

E-mail: [e-mail]

Website: www.piovangroup.com

Share capital: Euro 6,000,000 fully paid-in

Tax No.: 02307730289 VAT No.: 02700490275

Venice Economic & Administrative Registration No. 235320

Board of Directors of the parent company Piovan S.p.A.

Piovan S.p.a. ("the Company" or "the Parent Company") is the parent company of the group of the same name and headquartered in Via delle Industrie 16, Santa Maria di Sala (Venice), Italy. The Company's Board of Directors and Board of Statutory Auditors are as follows.

Board of Directors

In office until April 29, 2021, date of the Shareholders' AGM for the approval of the 2020 Annual Accounts.

Name	In charge
Nicola Piovan	Executive Chairman
Filippo Zuppichin	Chief Executive Officer
Marco Stevanato	Director
Marco Maria Fumagalli (*) (**)	Independent Director
Lucia Giancaspro (*)	Independent Director
Mario Cesari (*)	Independent Director
Chiara Mio (*)	Independent Director

1. Independent Director pursuant to Article 147-ter of the CFA and Article 3 of the Self-Governance Code. (**) Director appointed lead independent director as per Article 2.C.4 of the Self-Governance Code.

In office since April 29, 2021 until the Shareholders' AGM for the approval of the 2023 Annual

Accounts.

Name	In charge
Nicola Piovan	Executive Chairman
Filippo Zuppichin	Chief Executive Officer
Marco Stevanato	Director
Marco Maria Fumagalli (*) (**)	Independent Director
Mario Cesari (*)	Independent Director
Antonella Lillo (*)	Independent Director
Manuela Grattoni (*)	Independent Director

(*) Independent Director pursuant to Article 147-ter of the CFA and recommendation No. 7 of the Corporate Governance Code.

1. Director appointed Lead Independent Director as per recommendation No. 13 of the Corporate Governance Code.

Board of Statutory Auditors

In office until April 29, 2021, date of the Shareholders' AGM for the approval of the 2020 Annual

Accounts.

Name	In charge
Carmen Pezzuto	Chairman
Luca Bassan	Statutory Auditor
Patrizia Santonocito	Statutory Auditor
Kristian Sartor	Alternate Auditor
Stefania Targa	Alternate Auditor

5 Piovan Group - Periodic Financial Statements at September 30, 2021