The Board of Directors approved the first semester 2019 results. Extension of Credit Facilities
(WorldNews Italy)

Results in line with expectations. Excellent cash generation. Extension of Credit Facilities to March 2023 has been approved. Market share at 8%, up slightly compared with the first half of 2018. Net sales for the first half were EUR650.6 million (down 2.4% compared with the previous year). Like-for- like sales were down 4%. Market still affected by unusual weather conditions. Adjusted EBITDA of EUR62.5 million, in line with expectations and reflecting the final phase of extraordinary promotional activities launched in 2018. Reported EBITDA was positive for EUR137.3 million. Network increased by 23 stores, including 13 DOS in Italy, mainly small formats. Adjusted net profit was EUR16.8 million. The...