Income from ordinary operations turned around in H1 - Continued implementation of the strategy to outperform the market

• Income from ordinary operations returned to breaking even in the first half of the year, increasing by more than €20m
• Net income impacted by €30m of non-recurring expenses, linked primarily to the impairment of assets for the discontinued American brands
• Very good response to the 18 new models presented at the Cannes show, with sales exceeding the previous event despite a deterioration in the market environment
• Sales expected to grow by +4% to +9% in 2026 (excluding discontinued American activities), with full-year consolidated revenues to reach €860m to €900m
• Continued operational discipline and ongoing measures to adapt the cost structure: positive income from ordinary operations expected for the year, excluding the impact of the discontinued American activities