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Mr. Roberto Cingolani appointed as Independent Director of Industrie De Nora and Preliminary Results as of December 31, 2022 approved by the BoD

Milan, 2 February 2023

ROBERTO CINGOLANI APPOINTED BY THE BOARD OF DIRECTORS AS INDEPENDENT DIRECTOR OF INDUSTRIE DE NORA

THE BOARD OF DIRECTORS APPROVES PRELIMINARY RESULTS AS OF DECEMBER 31, 2022

Strong growth in revenues and Ebitda compared to 2021

Backlog grows 44%, also supported by orders from the Energy Transition division, recording its highest level ever, confirming the Group's growth prospects

Preliminary results highlights:

  • Consolidated revenues of over Euro 850 million (Euro 615.9 million in 2021, +38%)
  • Adjusted Ebitda* expected to exceed Euro 190 million (Euro 126.7 million in 2021, +50%) 
  • Backlog at Euro 790 million, +44% compared to December 31, 2021
  • Positive cash and cash equivalents of Euro 48 million, an improvement over net financial indebtedness of Euro 0.6 million as of September 30, 2022

*Excludes mainly non-recurring items of approximately Euro 19 million related to the Management Incentive Plan and more than Euro 3 million for IPO costs