Highlights

Highlights

ECONOMIC RESULTS

(euro million)	2016	2017	2018	2019	2020	2021	% 21/20
Sales of goods and services	2,279.1	2,463.6	2,640.0	2,591.7	2,208.6	2,777.6	+25.8%
Gross operating profit % on sales	443.7 19.5%	480,0 19.5%	500.9 19.0%	515.2 19.9%	388.7 17.6%	502.7 18.1%	+29.3%
Net operating profit % on sales	327.5 14.4%	346.3 14.1%	345.1 13.1%	318.5 12.3%	181.1 8.2%	288.0 10.4%	+59.0%
Profit before taxes % on sales	312.2 13.7%	335.5 13.6%	325.4 12.3%	307.7 11.9%	156.0 7.1%	286.8 10.3%	+83.8%
Net profit % on sales	240.6 10.6%	263.4 10.7%	238.3 9.0%	231.3 8.9%	136.5 6.2%	215.5 7.8%	+57.9%

MAIN RATIOS

	2016	2017	2018	2019	2020	2021
Net operating profits/sales	14.4%	14.1%	13.1%	12.3%	8.2%	10.4%
Income before taxes/sales	13.7%	13.6%	12.3%	11.9%	7.1%	10.3%
Net Capital expenditure/sales	11.4%	14.5%	10.8%	9.5%	8.5%	8.5%
Net financial indebtedness/ shareholders' equity	22.2%	20.5%	11.1%	24.9%	26.0%	22.9%
Financial charges/sales	0.4%	0.4%	0.5%	0.6%	0.8%	0.3%
Financial charges/net operating margin	3.0%	3.0%	4.0%	4.5%	9.4%	3.4%
R.O.I.	29.5%*	26.4%*	24.8%*	18.1%	9.6%	12.9%
R.O.E.	27.5%	25.2%	19.7%	17.3%	9.3%	12.0%

* ROI 2015, 2016, 2017 and 2018 not comparable after application of IFRS16, starting 1 January 2019.

Last update 31 December 2021

PERSONNEL AND CAPITAL EXPEDITURE

	2016	2017	2018	2019	2020	2021
Personnel at year-end (No.)	9,042	9,837	10,634	10,868	11,039	12,225
Turnover per employee (euro thousand)	252.1	250.4	248.3	238.5	200.1	227.2
Net Investments (euro million)	260.8	356.2	285.6	247.3	187.8	236.2

FINANCIAL RESULTS

(euro million)	2016	2017	2018	2019	2020	2021
Net invested capital	1,110.7	1,310.8	1.392,9	1,758.6	1,891.5	2,231.3
Shareholders' equity	882.3	1,064.4	1,228.8	1,388.0	1,481.0	1,796.1
Net financial indebtedness excluding IFRS 16	195.7	218.6	136.9	150.2	175.8	185.3
Net financial indebtedness	-	-	-	346.2	384.7	411.8

CONTACTS

Laura Panseri - Head of Investor Relations
Phone: +39 035 6052145