• As of today, no significant impact of coronavirus (COVID-19) outbreak on the Group’s operations
• FY’20 guidance confirmed: sales growth expected around 30% at constant exchange rates and perimeter and Electronics EBITDA¹ margin² expected around 30

[1] The EBITDA represents the operating income (EBIT) before depreciation, amortization, non-monetary items related to share-based payments, and changes in provisions on current assets and provisions for risks and contingencies, excluding income on asset disposals. Concerning FY’19, the impact in equity of the first-time application of IFRS 15 is included in EBITDA. This alternative indicator of performance is a non-IFRS quantitative measure used to measure the company’s ability to generate cash from its operating activities. EBITDA is not defined by an IFRS standard and must not be considered an alternative to any other financial indicator.

[2] Electronics EBITDA margin = EBITDA from continuing operations / Sales.