Interpump : Q2 / H1 2019 CONSOLIDATED RESULTS

PRESS RELEASE

INTERPUMP GROUP APPROVES

THE CONSOLIDATED RESULTS AT 30 JUNE 2019

Chairman Fulvio Montipò: "Yet again, the second quarter shows further organic growth with respect to last year's outstanding results. In a complex international and industrial context like the current one, our diversified and flexible model confirms its solidity"

IN THE FIRST HALF OF 2019:

NET SALES: € 703.2 million (+9.3% compared to H1 2018)

EBITDA*:€ 162.2 million (€ 146.8 million in H1 2018)

EBITDA/SALES*: 23.1% (22.8% in H1 2018)

CONSOLIDATED NET PROFIT:€ 92.2 million

(+11.6% compared to the normalized result for H1 2018)

FREE CASH FLOW: € 39.2 million (€ 35.8 million in H1 2018)

NET DEBT*:€ 391.0 million (€ 287.3 million at 31/12/2018)

after € 30.1 million in acquisitions, dividends for €23.7 million and purchase of treasury shares for € 14.9 million

IN THE SECOND QUARTER OF 2019:

NET SALES: € 359.6 million (+8.6% compared to Q2 2018)

EBITDA*:€ 83.5 million (€ 77.2 million in Q2 2018)

EBITDA/SALES*: 23.2% (23.3% in Q2 2018)

CONSOLIDATED NET PROFIT: € 46.9 million

(+7% compared to the normalized result for Q2 2018)

* 2019 data is affected by the adoption of IFRS16 accounting principle. With the reporting standards used until 2018, EBITDA for the first half-year would amount to € 154.6 million (€ 79.6 million in Q2), and net debt as at 30/06/2019 would amount to € 323.1 million.

INTERPUMP GROUP S.p.A. - Via E. FERMI, 25 - 42049 S. ILARIO - REGGIO EMILIA (ITALY) - TEL.+39,0522,904311

FAX. +39,0522,904444 - [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

S. Ilario d'Enza, 5 August 2019 - The Board of Directors of Interpump Group S.p.A. met today and approved the half-year 2019 consolidated financial statements.

H1 2019 RESULTS

Net Sales for the first half of 2019 totaled 703.2 million euro, an increase of 9.3% over the 643.4 million euro in the corresponding period of 2018.

Sales by business sector and geographical area were as follows:

H1 2019

Rest of	North
(€/000)	Italy	Europe	America	Area	World	Total
Hydraulics	98,499	172,297	112,335	43,762	47,510	474,403
Water-Jetting	21,089	85,721	74,350	27,817	19,823	228,800
Total	119,588	258,018	186,685	71,579	67,333	703,203
H1 2018
Hydraulics
Water-Jetting	89,968	162,001	90,579	40,941	44,448	427,937
Total	20,876	75,050	72,055	31,410	16,100	215,491
Change, 2019/2018
Hydraulics	+9.5%	+6.4%	+24.0%	+6.9%	+6.9%	+10.9%
Water-Jetting	+1.0%	+14.2%	+3.2%	-11.4%	+23.1%	+6.2%
Total	+7.9%	+8.8%	+14.8%	-1.1%	+11.2%	+9.3%

Pacific Rest of the

Organic growth, at unchanged perimeter and before the currency exchange, was +7.3% in Hydraulics, +1.3% in Water-Jetting, and +5.3% in total sales.

EBITDA amounted to 162.2 million euro (23.1% of sales) compared to 146.8 million euro in the first half of 2018 (22.8% of sales), an increase of 10.5%. The following table sets out EBITDA by business sector:

H1 2019	% on	H1 2018	% on
€/000	sales	€/000	sales	Change
Hydraulics	101,430	21.4%	88,411	20.6%	+14.7%
Water-Jetting	60,746	26.4%	58,402	27.0%	+4.0%
Total	162,176	23.1%	146,813	22.8%	+10.5%

Effective from 1 January 2019 the Group has adopted IFRS16, which changed the accounting of operating leases to the same rules used for financial leases. EBITDA for the first half of 2019, calculated with the same accounting principles used in 2018, would have amounted to 154.6 million euro.

Operating income (EBIT) was not significantly affected by IFR16 adoption: it amounted to 128.3 million euro (18.2% on sales) compared to 121.7 million euro (18.9% on sales) in the first half of 2018, an increase of 5.4%.

Consolidated Net Profit for the first half of 2019 was 92.2 million euro (was 94.3 million euro in H1 2018, including 11.6 million euro in one-off earnings resulting from the GS-Hydro acquisition). The increase versus the normalized result for last year is +11.6%.

Basic earnings per share rose from 0.766 euro (normalized) in the first half of 2018 to 0.867 euro in the first half of 2019, with a 13.2% increase.

Net cash flow from operating activities was 144.2 million euro (113.7 million euro in H1 2018), with a 26.9% increase. Free cash flow in the first half of 2019 amounted to 39.2 million euro (35.8 million euro in the same period last year).

Net debt was 391.0 million euro (287.3 million euro at 31 December 2018). Most of the change is due to the adoption of IFRS 16, which involved an initial adjustment of 68.4 million euro as at 1 January 2019, corresponding to the current value of future leasing payments for the whole duration of outstanding contracts.

Additionally, at the end of June the Group had commitments for the acquisition of stakes in subsidiaries for a total of 40.2 million euro (44.5 million euro at 31/12/2018).

Capital employed rose from 1,200.1 million euro at 31 December 2018 to 1,357.7 million euro at 30 June 2019, following the acquisition of Hydra Dyne Tech, the IFRS16-related adjustment, and the seasonal increase in net working capital. Non-annualized ROCE was 9.4% (compared to 10.6% in H1 2018). Non-annualized ROE was 10.0% (from the normalized 10.2% in H1 2018).

At 30 June 2019 Interpump Group S.p.A. had 3,903,489 treasury shares in its portfolio, representing 3.585% of total share capital, purchased at an average cost of € 21.8740.

Q2 2019 RESULTS

Net Sales for the second quarter of 2019 totaled 359.6 million euro, an increase of 8.6% over the 331.1 million euro in the corresponding period of 2018.

Sales by business sector and geographical area were as follows:

Q2 2019

Rest of	North
(€/000)	Italy	Europe	America	Area	World	Total
Hydraulics	48,931	87,032	59,439	23,285	22,760	241,447
Water-Jetting	11,824	43,502	40,238	13,252	9,330	118,146
Total	60,755	130,534	99,677	36,537	32,090	359,593
Q2 2018
Hydraulics	46,355	83,825	45,901	22,500	22,687	221,268
Water-Jetting	11,080	38,488	36,980	16,033	7,283	109,864
Total	57,435	122,313	82,881	38,533	29,970	331,132
Change, 2019/2018
Hydraulics	+5.6%	+3.8%	+29.5%	+3.5%	+0.3%	+9.1%
Water-Jetting	+6.7%	+13.0%	+8.8%	-17.3%	+28.1%	+7.5%
Total	+5.8%	+6.7%	+20.3%	-5.2%	+7.1%	+8.6%

Pacific Rest of the

Organic growth, at unchanged perimeter and before the currency exchange, was +4.8% in Hydraulics, +2.7% in Water-Jetting, and +4.1% in total sales.

EBITDA amounted to 83.5 million euro (23.2% of sales) compared to 77.2 million euro in the second quarter of 2018 (23.3% of sales), an increase of 8.2%. EBITDA for the second quarter of 2019, calculated with the same accounting principles used in 2018, would have amounted to 79.6 million euro.

Consolidated Net Profit for the second quarter of 2019 was 46.9 million euro, an increase of 10.0% with respect to Q2 2018.

Basic earnings per share rose from 0.396 euro in the second quarter of 2018 to 0.441 euro in the second quarter of 2019.

Pursuant to Article 65-bis, paragraph 2 of Consob Deliberation 11971/1999 as modified and supplemented, the Half-Year Financial Statements at 30 June 2019 are 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), 5 August 2019

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), 5 August 2019
Media Relations:	Investor Relations:
Moccagatta Associati	Luca Mirabelli
Tel. 02 8645,1695	Tel. [phone]
[e-mail]	[e-mail]

Carlo Banci

Manager responsible for drafting the company's accounting documents