Asturiana de Laminados S A : Preview of results for the financial year 2022

RELEVANT INFORMATION ASTURIANA DE LAMINADOS, S.A.

01 February 2023

Pursuant to the provisions of article 17 of Regulation (EU) no. 596/2014 on market abuse and article 228 of the revised text of the Securities Market Act, approved by Royal Legislative Decree 4/2015, of 23 October, and concordant provisions, as well as BME GROWTH Circular 3/2020, we hereby inform you of the following information regarding the company ASTURIANA DE LAMINADOS, S.A. (hereinafter "ELZ" or "the Company" indistinctly).

The unaudited results of the Company's operations for the year ended 31 December 2022 are set out below.

In compliance with the provisions of BME Growth Circular 3/2020, it is hereby expressly stated that the information provided has been prepared under the sole responsibility of the issuer and the Chairman of the Board of Directors.

In Lena on 01 February 2023

D. Macario Fernández Fernández

Chairman of the Board of Directors

PREVIEW OF RESULTS FOR THE FINANCIAL YEAR 2022

TO BE AUDITED

February 1, 2023

MAIN FIGURES

NET TURNOVERESTIMATED EBITDA RESULT BEFORE TAXES

133 M€.	7 M€	0,5 M€
+21% vs 2021	-19% vs 2021	-91% vs 2021

EBITDA

12.000.000

10.000.000

8.000.000

6.000.000

4.000.000

2.000.000

0

2018

2019

2020

2021

2022 (*)

EBITDA

NET TURNOVER

140.000.000

120.000.000

100.000.000

80.000.000

60.000.000

40.000.000

20.000.000

0

2018

2019

2020

2021

2022 (*)

INCN

	2022	2021
CONCEPT	€	€
CONTINUING OPERATIONS
Net turnover	133.101.547	109.399.633
Sales	132.874.124	109.399.633
Other services	227.423
Changes in inventories of finished and in-progress products	940.637	2.700.498
Work performed by the company for assets	163.211	270.472
Supplies	(109.034.025)	(87.742.279)
Consumption of merchandise	(1.606.328)	(1.095.508)
Consumption of raw materials and other consumables	(107.355.644)	(86.603.996)
Work carried out by other companies	(72.053)	(42.774)
Other operating income	1.083.931	637.877
Other incomes	554.031	409.094
Operating grants	529.900	228.782
Personnel costs	(7.861.083)	(6.583.758)
Wages, salaries and similar items	(6.125.526)	(5.165.939)
Social security taxes	(1.735.557)	(1.417.819)
Other operating expenses	(11.491.981)	(8.530.791)
External services	(11.293.098)	(8.453.266)
Taxes	(198.883)	(63.297)
Other losses		-14.228,57
Depreciation of fixed assets	(2.020.534)	(1.889.021)
Allocation of grants for non-financial assets	887.443	926.111
Other results	(7.035)	35.213
OPERATING INCOME	5.762.111	9.223.955
Financial revenue	464.196	573.151
Marketable securities and other financial instruments		360.738
- Of third parties	464.196	360.738
Addition of financial expenses to assets		212.413
Financial expenses	(5.739.106)	(4.339.987)
Of third parties debts	(5.739.106)	(4.339.987)
FINANCIAL PERFORMANCE	-5.274.910,00	-3.766.836,26
PRE-TAX REVENUE	487.201,00	5.457.118,97

Profit and Loss Account 2022 vs 2021

To be Audited

The turnover was 21% higher than the previous year, reaching 133 million euros.

Personnel Expenses and Other Operating Expenses increased by 19% and 35% respectively, which together with the above, makes the Company's EBITDA 19% lower than the previous year, standing at 7 million euros.

The workforce has been sized to adapt the factory to the productive needs of 2022 and 2023. The average workforce for 2022 amounts to 167 people and the workforce as of December 31, 2022 stands at 166 people. The ERTE applied since August has affected an average equivalent of 10 people/month.

The significant increase in Other Operating Expenses is mainly due to the sharp increase in electricity prices.

The result for the year before tax stood at 0.5 million euros, which represents a

reduction of 91% compared to the previous year.