Franchi Umberto Marmi S p A : 07.09.2022 - The Board of Directors approves the half-yearly financial report as of June 30, 2022

PRESS RELEASE

FRANCHI UMBERTO MARMI S.P.A.:

THE BOARD OF DIRECTORS APPROVES THE HALF-YEARLY FINANCIAL REPORT AS OF

JUNE 30, 2022

REVENUES GROWING BY 25% AND SIGNIFICANT IMPROVEMENT OF ALL THE MAIN

PROFITABILITY INDICATORS. THE EFFECTIVENESS OF THE COMMERCIAL STRATEGY ON HIGH

VALUE-ADDED PRODUCTS HAS BEEN CONFIRMED

• Total revenues and other income as of June 30, 2022: EUR 41.8 million compared to Euro 33.5 million as of June 30, 2021 (+24.8%), a strong increase in revenues with a significant recovery in sales both in Italy, the Middle East and USA.
• Adjusted1 EBITDA as of June 30, 2022: EUR 16.8 million compared to EUR 12.9 million at June 30, 2021 (+31.1%);
• The Operating result was equal to EUR 13.5 million compared to EUR 10.4 million in the same period of the previous year (+29.5%);
• The Profit for the period was equal to EUR 9.3 million compared to EUR 6.8 million in the same period of the previous year (+36.7%);
• Net Financial Indebtedness amounted to EUR 37.2 million as of June 30, 2022 (against Net Financial Indebtedness for EUR 22.5 million at December 31, 2021);

Alberto Franchi Chairman and Chief Executive Officer of the Company commented: "We are very pleased to approve the results of the first half of 2022. These show a strong increase in revenues and margins compared to the same period in 2021, demonstrating the effectiveness of the Company's commercial strategy characterized by a positioning on high-endproducts such as Calacatta and Statuario.

Thanks to the significant increase in sales and an improvement in the product mix in favour of products with better margins, we have achieved our profitability targets, achieving a margin with an Adjusted EBITDA level equal to over 40% and a net profit over 20%.

Considering the encouraging signals coming from foreign markets, the important turnout expected from the Marmomacc exhibition in Verona in September and the significant orders already partially completed, we expect a continuing of a positive trend also in the second half of the year, consolidating our leadership position in the market and our ability to improve profitability. Regarding the latter, we expect to be able to confirm the results achieved in the first half, also in consideration

1 The Adjustment excludes the effects of one-off costs and revenues connected to business phenomena not attributable to the normal operational management of the business, mainly related to the costs and income associated with the completion of business combinations, such as costs for professional services related to M&A transactions and the listing costs, as well as the results deriving from accounting using the equity method of associated companies or joint ventures.

of the fact that our Company is not particularly affected by increases in energy costs, of which we estimate only a marginal impact, as our production activities require little consumption and are not exposed to the gas prices variability".

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Carrara, September 7, 2022 - The Board of Directors of Franchi Umberto Marmi S.p.A., a leading international company in the processing and marketing of Carrara marble, listed on the Euronext Growth Milan market (Ticker: FUM) (the "Company"), approved the Half-yearly condensed financial statement as of June 30, 2022 prepared in accordance with the international accounting standard applicable to IAS 34 interim financial reporting adopted by the European Union.

REVENUES

In the first half of 2022, FUM achieved Total revenues and other income equal to EUR 41.8 million

compared to EUR 33.5 million recorded in the same period of 2021 (+24.8%).

Revenues in the first half of the year are driven by the significant increase in sales, whose breakdown

by geographical area highlights the excellent results of all markets and the consolidation of the

domestic market: the Italian market recorded EUR 19.4 million, an improvement compared to EUR

14.7 million in the same period of 2021, increasing by 31.5%. The Middle East market with EUR 6.8 million recorded a growth of 273,4% compared to EUR 1.8 million in the first half of 2021. The US

market with EUR 4.2 million recorded a growth equal to 34.7% compared to EUR 3.1 million in the

same period of 2021. Sales in China continue to be satisfactory and recorded a result of EUR 8.0

million, substantially in line with the same period of 2021.

The growth recorded on the Italian and international markets confirms the effectiveness of the

Company's business strategy focused on high value-added Carrara marble products, such as

Calacatta and Statuario.

In the first half of 2022, revenues by type of product show a significant increase in sales of

Calacatta, which achieved results equal to EUR 10.9 million, growing by 11,3% compared to the

same period of 2021, whereas in the first half of the year the sales of Statuario have generated EUR

13.3 million, increasing by 63,2% compared to the same period of 2021. Together, the aforementioned types of products represent now 58.3% of total sales.

Very significant increases were also recorded in the sales of Venatino with revenues equal to Euro

3.8 million, increasing by 212.2% compared to the same period of 2021.

OPERATING RESULTS AND NON-IFRS MEASURES

At June 30, 2022 the Adjusted EBITDA was equal to Euro 16.8 million compared to EUR 12.9 million in the same period of the previous year (+31.1%). The growth in profitability is significant and is essentially attributable to the greater volume of business achieved in the period and to the gradual improvement in the mix of products sold.

As of June 30, 2022 the Adjusted EBITDA margin was equal to 40.3% compared to 38.4% in the same period of the previous year, with a substantial improvement attributable to the above- mentioned reasons.

EBITDA was equal to EUR 16.5 million compared to EUR 11.1 million in the same period of 2021 (+ +48.7%), with a margin on revenues (EBITDA Margin) equal to 39.5% compared to 33.2% in the first half of 2021.

The Operating result was equal to EUR 13.5 million compared to EUR 10.4 million in the same period of the previous year (+29.5%).

In particular, the increase in Depreciation and amortization of EUR 2.3 million for the period, compared to EUR 0.7 million in the same period of 2021 should be noted. This increase is attributable to the proportional consolidation of the income statement of the joint operation Ingegner Giulio Faggioni Carrara S.c.a r.l. that took place starting from January 1, 2022.

The Profit for the period was equal to EUR 9.3 million, improving significantly (+36.7%) compared to EUR 6.8 million in the same period of the previous year.

Investments in Property, plant and equipment as of June 30, 2022 amounted to EUR 0.3 million, of which Euro 0.1 million for the installation of a roof for the new gangsaws in the headquarters located in via Canalie, in Carrara.

Net Financial Indebtedness at June 30, 2022 totalled EUR 37.2 million compared to EUR 22.5 million at December 31, 2021.

This result is substantially affected by the payment of dividends equal to EUR 8.2 million paid in April 2022 and the payment of IRES and IRAP balances and advances in June 2022 equal to EUR 4.6 million.

Outlook

The first half of 2022 confirmed the positive growth trend recorded in 2021, reflecting a strong

recovery in the global demand for natural stones with particular reference to distinctive qualities.

Among the most positive and comforting aspects it is important to mention the Company's visits to

showrooms by commercial emissaries of customers. In particular, the signals coming from foreign

markets are very comforting and the possibility that the Marmomacc fair in Verona, which

represents the most important trade fair for the stone sector in Italy, scheduled for the end of

September, could return to a turnout in line with 2019, represents an important sales accelerator

for the last quarter of the year.

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This press release is available on the Company's website https://www.fum.it/en/investors/price-sensitive-press-release/and at the authorised storage mechanism EMARKET STORAGE (www.emarketstorage.com).

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The half-yearly financial report as at 30 June 2022 will be made available to the public at the Company's registered office, as well as on the website https://www.fum.it/en/investors/financial- documents/..

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Franchi Umberto Marmi, established in 1971, is a leader in the processing and marketing of blocks and slabs of Carrara marble, a natural stone that perfectly embodies Italian craftsmanship and luxury, with special characteristics that make it unique in Italy and in the rest of the world.

Corporate website:https://www.fum.it/en/

INCOME STATEMENT AT JUNE 30, 2022