Interpump : CONSOLIDATED RESULTS FOR Q3 & 9M 2018

PRESS RELEASE

INTERPUMP GROUP APPROVES CONSOLIDATED RESULTS AS AT 30/09/2018

Chairman Fulvio Montipò: "Interpump keeps growing at a spectacular pace. Organic growth, now in its 8th consecutive quarter, doesn't show any sign of fatigue and marks a record at 13.8%.

With this quarter, Interpump entered its second year of double-digit organic growth"

9M 2018 RESULTS:

NET SALES: € 953.6 million (+16.5% compared to 9M 2017)

EBITDA: € 219.8 million (+14.5%)

EBITDA/SALES: 23.0% (23.4% in 9M 2017)

CONSOLIDATED NET PROFIT:€ 137.3 million (+38.5%)

FREE CASH FLOW: € 66.1 million (€ 73.4 million in 9M 2017)

NET DEBT:€ 276.0 million (€ 273.5 million at 31/12/2017)

after €12.2 million disbursements for acquisitions, € 23.1 million paid in dividends and 36.3 million in purchases of own shares

Q3 2018 RESULTS:

NET SALES:€ 310.1 million (+19.3% compared to Q3 2017)

EBITDA: € 73.0 million (+19.3%)

EBITDA/SALES: 23.5% (same as Q3 2017)

CONSOLIDATED NET PROFIT:€ 43.0 million (+30.8%)

Sant'Ilario d'Enza, 7 November 2018 - The Board of Directors of Interpump Group S.p.A. met today and approved the results for the third quarter and first nine months of 2018.

INTERPUMP GROUP S.p.A. - Via E. FERMI, 25 - 42049 S. ILARIO - REGGIO EMILIA (ITALY) - TEL.[phone]

FAX. [phone] - [e-mail]

CAP. SOC. Euro 56.617.232,88 I.V. - REG. IMPRESE R.E. - COD.FISCALE 11666900151 - C.C.I.A.A. R.E.A. N. 204185

9M 2018 RESULTS

Net Sales in the first nine months of 2018 totaled 953.6 million euro, an increase of 16.5% over the 818.7 million euro in the corresponding period of 2017.

Sales by business sector and geographical area were as follows:

Rest of	North	Pacific	Rest of
(€/000)	Italy	Europe	America	Area	World	Total
9M 2018
Hydraulics	126,821	237,166	136,860	62,040	67,177	630,064
Water-Jetting	30,332	117,220	106,110	46,043	23,807	323,512
Total	157,153	354,386	242,970	108,083	90,984	953,576
9M 2017
Hydraulics	114,935	180,219	125,163	48,400	51,761	520,478
Water-Jetting	28,459	104,567	100,193	39,891	25,111	298,221
Total	143,394	284,786	225,356	88,291	76,872	818,699
Change, 2018/2017
Hydraulics	+10.3%	+31.6%	+9.3%	+28.2%	+29.8%	+21.1%
Water-Jetting	+6.6%	+12.1%	+5.9%	+15.4%	-5.2%	+8.5%
Total	+9.6%	+24.4%	+7.8%	+22.4%	+18.4%	+16.5%

Organic growth, at unchanged perimeter and before the currency exchange, was 15.2% for Hydraulics, 9.6% for Water-Jetting, and 13.1% for the whole Group.

Please note that the currency exchange had a very noticeable negative effect on turnover, worth €28.8 million: as a consequence the growth in sales, at unchanged perimeter but after the conversion in Euro, was +11.9% for Hydraulics, +5.7% for Water-Jetting, and +9.6% on total sales.

EBITDA amounted to 219.8 million euro (23.0% of sales) compared to 191.9 million euro in the first nine months of 2017 (23.4% of sales), an increase of 14.5%. The following table sets out EBITDA by business sector:

9M 2018	% on	9M 2017	% on
€/000	sales	€/000	sales	Change
Hydraulics	129,853	20.6%	112,438	21.6%	+15.5%
Water-Jetting	89,917	27.7%	79,460	26.5%	+13.2%
Total	219,770	23.0%	191,898	23.4%	+14.5%

It should be noted that, at unchanged perimeter, EBITDA was 24.1% on sales, with a 0.7 percentage points improvement over the same period of 2017. EBITDA was also negatively affected (€ -8.6 million) by the currency exchange.

Operating income (EBIT) amounted to 182.1 million euro (19.1% of sales) compared to 154.8 million euro in the first nine months of 2017 (18.9% of sales), an increase of 17.6%.

Net Profit for the first nine months 2018 was 137.3 million euro (99.1 million euro in 9M 2017), up 38.5%. As a reminder, 2018 net profit includes a 11.9 million euro one-off financial income resulting from the acquisition of GS-Hydro. Basic earnings per share rose from 0.919 euro in the first nine months of 2017 to 1.277 euro in the corresponding period of 2018.

Net cash flow from operating activities was 176.1 million euro (143.6 million euro in 9M 2017), with a 22.6% increase. Free cash flow amounted to 66.1 million euro (73.4 million euro in 9M 2017).

Net debt at the end of the period was 276.9 million euro (273.5 million euro at 31 December 2017), after 12.2 million euro spent in acquisitions, 23.1 million euro paid in dividends, and 36.3 million euro in purchases of own shares. Additionally, the Group has commitments for the acquisition of stakes in subsidiaries for a total of 43.1 million euro (46.8 million euro at 31/12/2017).

Capital employed increased from 1,085.1 million euro at 31 December 2017 to 1,165.3 million euro at 30 September 2018, mainly due to the GS-Hydro acquisition and the increase in net working capital resulting from the strong organic growth. Non-annualized ROCE was 15.6% (14.4% in 9M 2017). Non-annualized ROE was 16.2% (13.5% in 9M 2017).

At 30 September 2018 Interpump Group S.p.A. had 2,728,489 treasury shares in its portfolio, representing 2.506% of total share capital, purchased at an average cost of € 19.7677.

Q3 2018 RESULTS

Net Sales for the third quarter of 2018 totaled 310.1 million euro, an increase of 19.3% over the 259.9 million euro in the corresponding period of 2017.

Sales by business sector and geographical area were as follows:

Rest of	North	Pacific	Rest of
(€/000)	Italy	Europe	America	Area	World	Total
Q3 2018
Hydraulics	36,853	75,165	46,281	21,099	22,729	202,127
Water-Jetting	9,456	42,170	34,055	14,633	7,707	108,021
Total	46,309	117,335	80,336	35,732	30,436	310,148
Q3 2017
Hydraulics	35,845	56,590	39,449	16,357	16,393	164,634
Water-Jetting	11,111	33,822	28,705	14,442	7,234	95,314
Total	46,956	90,412	68,154	30,799	23,627	259,948
Change, 2018/2017
Hydraulics	+2.8%	+32.8%	+17.3%	+29.0%	+38.7%	+22.8%
Water-Jetting	-14.9%	+24.7%	+18.6%	+1.3%	+6.5%	+13.3%
Total	-1.4%	+29.8%	+17.9%	+16.0%	+28.8%	+19.3%

Organic growth, at unchanged perimeter and before the currency exchange, was 14.1% for Hydraulics, 13.1% for Water-Jetting, and 13.8% for the whole Group.

Please note that turnover was negatively affected by the exchange rates for €1.7 million, almost entirely in Hydraulics: as a consequence the growth in sales, at unchanged perimeter but after the conversion in Euro, was +13.2% for Hydraulics, is unchanged at +13.1% for Water-Jetting, and becomes +13.1% on total sales.

EBITDA amounted to 73.0 million euro (23.5% of sales) compared to 61.1 million euro in the third quarter of 2017 (also 23.5% of sales), an increase of 19.3%. It should be noted that, at unchanged perimeter,

EBITDA was 24.6% on sales, with a 1.1 pp improvement over the same period of 2017. EBITDA was not significantly affected by the currency exchange in the quarter.

Net Profit for the third quarter was 43.0 million euro (32.9 million euro in Q3 2017), up 30.8%.

Basic earnings per share rose from 0.304 euro in Q3 2017 to 0.402 euro in Q3 2018.

Pursuant to Article 65-bis, paragraph 2 of Consob Deliberation 11971/1999 as modified and supplemented,

the Interim Report at 30 September 2018 is available to the public at the Group's registered office and may be also be consulted on the "Financial Statements and Reports" page in the "Investor relations" section

of the Group's websitewww.interpumpgroup.it,as well on thewww.emarketstorage.com repository.

S. Ilario d'Enza (RE), 7 November 2018

On behalf of the Board of Directors Fulvio Montipò, Chairman

Carlo Banci, the manager responsible for drafting the company's accounting documents, declares - pursuant to the terms Article 154-bis, paragraph 2 of the Consolidated Financial Services Act - that the accounting disclosures in the present release correspond to the contents of the underlying documents, the accounting books and the accounting entries.

Sant'Ilario d'Enza (RE), 7 November 2018
Media Relations:	Investor Relations:
Moccagatta Associati	Luca Mirabelli
Tel. [phone]	Tel. [phone]
[e-mail]	[e-mail]

Carlo Banci

Manager responsible for drafting the company's accounting documents

Consolidated Statement of financial position

(€/000)	30/09/2018	31/12/2017
ASSETS
Current assets
Cash and cash equivalents	147,878	144,938
Trade receivables	271,773	236,761
Inventories	353,368	291,701
Tax receivables	22,719	15,410
Other current assets	12,597	8,302
Total current assets	808,335	697,112
Non-current assets
Property, plant and equipment	339,554	321,833
Goodwill*	426,722	425,991
Other intangible assets	35,773	38,096
Other financial assets	2,313	1,145
Tax receivables	1,715	1,770
Deferred tax assets	27,239	24,909
Other non-current assets	2,336	2,582
Total non-current assets	835,652	816,326
Assets available for sale	-	785
Total assets	1,643,987	1,514,223
*2017 data revised in 2018 as per IFRS3.

5