Esautomotion

Earnings Release • Oct 27, 2023

Informazione Regolamentata n. 20133-25-2023		Data/Ora Inizio Diffusione 27 Ottobre 2023 17:58:31	Euronext Growth Milan
Societa'	:	ESAUTOMOTION
Identificativo Informazione Regolamentata	:	182649
Nome utilizzatore	:	ESAUTOMOTIONN02 - Fontana
Tipologia	:	3.1
Data/Ora Ricezione	:	27 Ottobre 2023 17:58:30
Data/Ora Inizio Diffusione	:	27 Ottobre 2023 17:58:31
Oggetto	:	Errata corrige - Esautomotion communicates some management data as of September 30, 2023
Testo del comunicato

Vedi allegato.

ERRATA CORRIGE

PRESS RELEASE ON SOME MANAGEMENT DATA AS OF 30 SEPTEMBER 2023

Carpi, 27 October 2023

Esautomotion SpA (" Esautomotion " or the " Company "), operational holding of the Esautomotion Group (the " Group ") active in the sector of high-precision mechatronic components for industrial machines, informs that the same press release is published attached to this letter already released today, concerning some management data as of 30 September 2023, corrected in some material errors and integrated with reference to the effects of the extraordinary operation for the acquisition of 65% of the share capital of Sangalli Servomotori Srl, which took place in July 2023 ( the " Operation Sangalli ").

ISIN code : IT0005337107 Ticker : ESAU For the dissemination of regulated information, the Issuer uses the SDIR eMarket circuit managed by SPAFID Connect SpA For more information Contacts Euronext Growth Advisor BPER Banca SpA | esautomotion@bper.it | Investor Relations contacts Franco Fontana | franco.fontana@esautomotion.com | * * * * *

This press release (including the information contained herein) does not constitute or form part of a public offer of financial products nor a solicitation of offers to purchase financial products and an offer to sell such products will not be made in any jurisdiction in which such offer or sale would be contrary to applicable law. This press release does not constitute an offer to sell any financial products in the United States of America, Australia, Canada and Japan and any other jurisdiction in which such offer or sale is prohibited and may not be published or distributed, directly or indirectly, in such jurisdictions. The financial products referred to in this release have not been and will not be registered under the United States Securities Act of 1933, as amended; such products may not be offered or sold in the United States of America in the absence of registration or an exemption from the application of registration requirements. The documentation relating to the offer has not been/will not be submitted for approval by CONSOB and Borsa Italia.

PRESS RELEASE

Esautomotion communicates some management data as of September 30, 2023

• REVENUE : Euro 27,583 thousand (vs. Euro 25,342 thousand at 30 September 2022 (+8.8 %) including the consolidation of the Sangalli Group from 1 July 2023;
• NET FINANCIAL POSITION for Euro -1,459 thousand (positive cash) vs. Euro -9,658 thousand as at 30 June 2023, down by Euro 8,200 thousand as a result of the extraordinary operation concerning the purchase of 65% of the share capital of Sangalli Servomotori Srl and the consolidation of the Group from 1 July 2023 .

Carpi, 27 October 2023

Esautomotion SpA (" Esautomotion " or the " Company "), operational holding of the Esautomotion Group (the " Group ") active in the sector of high-precision mechatronic components for industrial machines, communicates some management data for the first nine months of 2023, not subject to to audit.

COMMENT ON THE MAIN CONSOLIDATED RESULTS AS OF 30 SEPTEMBER 2023

The Group's Revenues, equal to Euro 27,583 thousand, recorded growth compared to the first nine months of 2022, equal to approximately 8.8% (+3.7%, on a constant basis). In the last quarter the Group's revenues amounted to Euro 8,273 thousand (Euro 6,973 thousand, on a constant basis), are in decline compared to the 2022 and 1H2023 trends , but nevertheless represent a good result, considering the trend , due to the generalized pessimism/uncertainty of world markets.

The Consolidated Net Financial Position of Euro -1,459 thousand (positive cash) must be considered in light of the Sangalli Operation, which entailed an outlay of Euro 5,429 thousand and the incurrence of a debt for the future purchase of the remaining 35% ( Call Option) equal to €3,500 thousand, in addition to the consolidation of Sangalli's net debt equal to €433 thousand. In comparison with the NFP as of 30 June 2023, equal to Euro -9,576 thousand, it shows an improvement of Euro -1,161 thousand excluding the effects of the Sangalli Operation.

Furthermore, it should be noted that in the Company's portfolio there are n. 213,000 treasury shares for a value of approximately Euro 976 thousand at the price on 26 October 2023.

Gianni Senzolo , CEO of Esautomotion: " We are working, as has already happened in moments of uncertainty in past years, to further expand on markets and products that create opportunities. The opening of a branch in the USA and one in Turkey, as well as the expansion of the product range following the acquisition of Sangalli Servomotori Srl represent the appropriate reaction to aim, however, for growth " .

ISIN code : IT0005337107 Ticker : ESAU For the dissemination of regulated information, the Issuer uses the SDIR eMarket circuit managed by SPAFID Connect SpA For more information Contacts Euronext Growth Advisor BPER Banca SpA | esautomotion@bper.it | Investor Relations contacts Franco Fontana | franco.fontana@esautomotion.com | * * * * *

This press release (including the information contained herein) does not constitute or form part of a public offer of financial products nor a solicitation of offers to purchase financial products and an offer to sell such products will not be made in any jurisdiction in which such offer or sale would be contrary to applicable law. This press release does not constitute an offer to sell any financial products in the United States of America, Australia, Canada and Japan and any other jurisdiction in which such offer or sale is prohibited and may not be published or distributed, directly or indirectly, in such jurisdictions. The financial products referred to in this release have not been and will not be registered under the United States Securities Act of 1933, as amended; such products may not be offered or sold in the United States of America in the absence of registration or an exemption from the application of registration requirements. The documentation relating to the offer has not been/will not be submitted for approval by CONSOB and Borsa Italia.