Siti B&T : BOARD OF DIRECTORS APPROVES CONSOLIDATED INTERIM FINANCIAL REPORT 2017

PRESS RELEASE SITI-B&T GROUP S.P.A. BOARD OF DIRECTORS APPROVES CONSOLIDATED INTERIM FINANCIAL REPORT 2017 The Group is continuing its strategy focused on innovative new product development and internationalisation. Sales revenues expected to grow in 2017

• Sales revenues of 91 million euros to 30 June 2017, 22.5% up on the 74.3 million euros to 30 June 2016
• Consolidated EBITDA before non-recurring items up by 37.7% to 3.4 million euros compared to 2.5 million euros to 30 June 2016

Formigine, 29 September 2017 - The Board of Directors of SITI-B&T GROUP S.p.A., a manufacturer of complete plants for the world ceramic industry listed on the AIM Italia stock market (Ticker: SITI), approved the Interim Financial Report to 30 June 2017.

"We are pleased with the performance of the first half of 2017 despite its lack of historic significance given the seasonal nature of orders. We have continued our strategy based on R&D investments and on the development of our international network involving the opening of the new branch in Dubai," - commented Fabio Tarozzi, Chairman and Managing Director of SITI-B&T GROUP S.p.A.

MAIN CONSOLIDATED RESULTS TO 30 JUNE 2017

In the first half of 2017, SITI-B&T GROUP S.p.A. posted sales revenues of 91 million euros, 22.5% up on the 74.3 million euros of the same period in 2016. As in previous years, the seasonal nature of orders means that the revenues generated in the first half are not proportional to those reported by the Group annually. The value of billable orders already received as of 30 June 2017

added to turnover already generated was 13.9% up with respect to the same period the previous year.

The EBITDA of SITI-B&T GROUP S.p.A. before non-recurring items to 30 June 2017 totalled 3.4 million euros (3.7% of revenues), an improvement on the 2.5 million euros to 30 June 2016 (3.3% of revenues) but still not representative of the 2017 full-year results given that the first half revenues, as in previous years, are not proportional to the total revenues expected for the full year.

The net profits of SITI-B&T GROUP S.p.A. to 30 June 2017 was negative by 1.2 million euros compared to the negative result of 1.1 million euros to 30 June 2016.

The consolidated net financial position as of 30 June 2017 was 48.4 million euros compared to 32.6 million euros at 31 December 2016 and 45.9 million euros at 30 June 2016. Borrowings, mainly absorbed by the increase in Working Capital, are in line with the larger number of orders due to be shipped in the second half of the year.

SIGNIFICANT EVENTS THAT OCCURRED IN THE HALF YEAR TO 30 JUNE 2017 World network

The investment policy for the SITI-B&T Group's global network development programme continued in the first half of 2017, leading to the opening of the new SITI Middle East branch located in Dubai.

New products

The Technology Centre in Formigine continued to develop new products such as the innovative SUPERA® large-format ceramic slab production line and the new thermal machines combining lower consumption with reduced atmospheric emissions. The company Ancora continued development of a line of products for the treatment of ceramic surfaces without the use of water, while Projecta continued to develop a new dry digital decoration machine called DryFix®.

Outlook for the current year

Given the order book level and the good market outlook, it is reasonable to expect an increase in sales revenues in 2017 with respect to the previous year.

SITI-B&T Group

SITI-B&T Group, listed on the AIM Italia stock market since March 2016, is a manufacturer of complete plants for the world ceramic industry with a strong presence in all global markets. It delivers outstanding technological solutions and innovative services with a special focus on energy efficiency and production cost reduction.

It offers customers a complete personalised service including technical assistance with installation, maintenance and modernisation of production lines.

SITI-B&T Group operates through the following business units: Tile (complete plants for tile production), Projecta Engineering and Digital Design (digital decorating machines and digital graphic design projects), Ancora (surface finishing systems for ceramic products) and B&T White (complete plants for sanitaryware).

www.sitibt.com

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Ordinary Shares: ISIN code IT0005171936 - Alphanumeric Code SITI Warrants: ISIN code IT0005174518

Convertible Bonds: ISIN code IT0005172165

Press contacts

SITI-B&T Group S.p.A. Investor Relations [e-mail] Tel. [phone]

Nomad and Specialist CFO SIM S.p.A. Tel [phone] [e-mail]

INtono Comunicazione

Marco Fiori [e-mail] Tel. [phone]

Cell. [phone]

Reclassified Consolidated Income Statement (€/000)

30.06.2017

%

30.06.2016

%

All documents below are prepared in accordance with International Accounting Standards (IAS/IFRS). The data are certified by the Independent Auditors BDO Italia S.p.A.

Revenues	91,019	100.0%	74,321	100.0%
Change in inventories	1,083	1.2%	(140)	-0.2%
Other operating income	4,533	5.0%	2,992	4.0%
Operating revenues	96,635	106.2%	77,173	103.8%
Consumption	46,663	51.3%	35,154	47.3%
Operating costs	46,572	51.2%	39,549	53.2%
EBITDA BEFORE NON-RECURRING ITEMS	3,400	3.7%	2,470	3.3%
Non-recurring items	(336)
EBITDA	3,064	3.4%	2,470	3.3%
Amortisation	2,345	2.6%	2,026	2.7%
EBIT	719	0.8%	444	0.6%
Financial income and charges	(813)	-0.9%	(857)	-1.2%
Financial and foreign exchange income and charges	(370)	-0.4%	(4)	0.0%
INCOME BEFORE TAXES	(464)	-0.5%	(417)	-0.6%
Income tax	740	660

Income tax	740	660
OPERATING PROFIT (LOSS)	(1.204)	- 1,3%	(1.077)	- 1,4%
Third-party operating profit (loss)	604	(335)
Group profit (loss)	(1.808)	(742)

Reclassified Consolidated Balance Sheet (€/000)	30.06.2017	31.12.2016
Commercial credits	86.250	88.353
Inventories	92.684	82.737

Other debts	(38.334)	(38.395)
Net Working Capital	91.522	77.435
Tangible Assets	10.457	11.208
Intangible Assets	22.647	21.993

Other credits 11.37911.046

Commercial debts (60.457)(66.306)