Reno De Medici S p A : Interim Report 30.09.2020

Interim

Report

09.30.2020

SALES: €518.2 MILLION

(COMPARED WITH €536.6 MILLION AS AT SEPTEMBER 30, 2019)

GROSS OPERATING PROFIT (EBITDA): €67.6 MILLION

(COMPARED WITH €56.1 MILLION AS AT SEPTEMBER 30, 2019)

OPERATING PROFIT (EBIT): €44.2 MILLION

(COMPARED WITH €34.1 MILLION AS AT SEPTEMBER 30, 2019)

NET RESULT: PROFIT OF €33.9 MILLION

(COMPARED WITH A PROFIT OF €23.6 MILLION AS AT SEPTEMBER 30, 2019)

NET FINANCIAL DEBT: €27.8 MILLION

(€52 MILLION AT DECEMBER 31, 2019)

Reno De Medici S.p.A.

Viale Isonzo 25, Milan

Share capital €140,000,000

Tax code and VAT number 00883670150

CONTENTS
BOARD OF DIRECTORS AND AUDITORS ...................................................................................	2
GROUP OPERATING COMPANIES AS AT SEPTEMBER 30, 2020........................................	3
DIRECTORS' REPORT ON OPERATIONS....................................................................................	4
KEY EVENTS.....................................................................................................................................	12
SUBSEQUENT EVENTS..................................................................................................................	13
OUTLOOK..........................................................................................................................................	13
CONSOLIDATED FINANCIAL STATEMENTS AS AT SEPTEMBER 30, 2020 ..................	16
NOTES................................................................................................................................................	20
ACCOUNTING PRINCIPLES..........................................................................................................	20
STATEMENT OF THE EXECUTIVE RESPONSIBLE FOR THE PREPARATION OF THE
COMPANY'S FINANCIAL REPORTS PURSUANT TO ARTICLE 154-BIS, PARAGRAPH 2,
OF LEGISLATIVE DECREE 58/1998 (CONSOLIDATED FINANCIAL LAW)....................	22

BOARD OF DIRECTORS AND AUDITORS
Board of Directors
Eric Laflamme	Chairman
Michele Bianchi	Chief Executive Officer
Allan Hogg	Director
Giulio Antonello	Director
Gloria Francesca Marino	Director
Laura Guazzoni	Director
Sara Rizzon	Director
Board of Statutory Auditors
Giancarlo Russo Corvace	Chairman
Giovanni Maria Conti	Statutory Auditor
Tiziana Masolini	Statutory Auditor
Francesca Marchiori	Deputy Statutory Auditor
Domenico Maisano	Deputy Statutory Auditor

Independent Auditors

Deloitte & Touche S.p.A.

2

GROUP OPERATING COMPANIES AS AT SEPTEMBER 30, 2020

3