PRESS RELEASE

INTERPUMP GROUP APPROVES

THE CONSOLIDATED RESULTS AT 30 SEPTEMBER 2020:

A QUARTER OF RECOVERY

Chairman Fulvio Montipò: "The third quarter registered a much-awaited improvement compared to the previous periods; in this quarter, Interpump improved the EBITDA margin, achieved a very good cash generation, and reduced net debt"

DATA FOR THE THIRD QUARTER OF 2020:

NET SALES: € 314.7 million (€ 322.9 mn in Q3 2019)

EBITDA: € 76.0 million (€ 78.1 mn in Q3 2019)

EBITDA/SALES: 24.2% (24.2% in Q3 2019)

CONSOLIDATED NET PROFIT: € 39.5 million (€ 43.3 mn in Q3 2019)

DATA FOR THE FIRST NINE MONTHS OF 2020:

NET SALES: € 954.2 million (€ 1,026.1 mn in 9M 2019)

EBITDA: € 215.3 million (€ 240.3 mn in 9M 2019)

EBITDA/SALES: 22.6% (23.4% in 9M 2019)

CONSOLIDATED NET PROFIT: € 103.0 million (€135.5 mn in 9M 2019)

FREE CASH FLOW: € 148.6 million (€ 76.0 million in 9M 2019)

NET DEBT: € 310.7 million (€ 370.8 million at 31/12/2019)

(after € 28.2 mn dividends paid, € 48.4 mn disbursement for acquisitions and € 31.8 mn in purchases of treasury shares)

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 info@interpumpgroup.it

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, 10 November 2020 - The Board of Directors of Interpump Group S.p.A. met today and approved the consolidated Interim Report at 30/09/2020.

Q3 2020 RESULTS

Net Sales for the third quarter of 2020 totaled 314.7 million euro, a decrease of 2.5% from the 322.9 million euro in the corresponding period of 2019.

Sales by business sector and geographical area were as follows:

(€/000)

Rest of

Q3 2020

Rest of

North

Pacific

the

Italy

Europe

America

Area

World

Total

Hydraulics

38,836

74,948

49,958

30,238

21,293

215,273

Water-Jetting

8,085

38,943

30,866

14,832

6,702

99,428

Total

46,921

113,891

80,824

45,070

27,995

314,701

Q3 2019

Hydraulics

39,320

72,772

56,366

19,408

18,962

206,828

Water-Jetting

9,901

42,422

36,168

18,955

8,656

116,102

Total

49,221

115,194

92,534

38,363

27,618

322,930

Organic growth, at unchanged perimeter and before the currency exchange, was -10.8%(-13.1% for Water-Jetting and -9.5% for Hydraulics)

EBITDA amounted to 76.0 million euro (24.2% of sales) compared to 78.1 million euro in the third quarter of 2019 (also 24.2% of sales)

Consolidated Net Profit for the third quarter of 2020 was 39.5 million euro, compared to 43.3 million euro for Q3 2019.

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CONSOLIDATED RESULTS FOR THE FIRST NINE MONTHS OF 2020

Net Sales for the first nine months of 2020 totaled 954.2 million euro, a decrease of 7.0% from the 1,026.1 million euro in the corresponding period of 2019.

Sales by business sector and geographical area were as follows:

(€/000)

Rest of

Rest of

North

Pacific

the

9M 2020

Italy

Europe

America

Area

World

Total

Hydraulics

118,689

229,474

161,053

82,686

52,983

644,885

Water-Jetting

26,238

114,229

98,201

43,804

26,880

309,352

Total

144,927

343,703

259,254

126,490

79,863

954,237

9M 2019

Hydraulics

137,819

245,069

168,701

63,170

66,472

681,231

Water-Jetting

30,990

128,143

110,518

46,772

28,479

344,902

Total

168,809

373,212

279,219

109,942

94,951

1,026,133

Organic growth, at unchanged perimeter and before the currency exchange, was -16.2%(-19.3% in Hydraulics, -10.2% in Water-Jetting)

EBITDA amounted to 215.3 million euro (22.6% of sales) compared to 240.2 million euro in the first nine months of 2019 (23.4% of sales). The following table sets out EBITDA by business sector:

9M 2020

% on

9M 2019

% on

€/000

sales

€/000

sales

Change

Hydraulics

132,885

20.6%

144,598

21.2%

-8.1%

Water-Jetting

82,369

26.5%

95,687

27.6%

-13.9%

Total

215,254

22.6%

240,285

23.4%

-10.4%

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Operating income (EBIT) was 148.5 million euro compared to 189.1 million euro in the first nine months of 2019.

Consolidated Net Profit for the first nine months of 2020 was 103.0 million euro (was 135.5 million euro in 9M 2019).

Net cash flow from operating activities was 182.5 million euro (195.3 million euro in the corresponding period of 2019). Free cash flow in the first nine months amounted to 148.6 million euro (76.0 million euro in the first nine months of 2019).

Net debt at 30 September 2020 was 310.7 million euro (370.8 million euro at 31 December 2019). In the first nine months of the year, 31.8 million euro were spent in treasury shares, while disbursments for acquisitions amounted to 48.4 million euro. Additionally, at the end of September the Group had commitments for the acquisition of stakes in subsidiaries for a total of 58.0 million euro (54.3 million euro at 31/12/2019).

Capital employed went from 1,480.2 million euro at 31 December 2019 to 1,478.1 million euro at 30 September 2020, due to the opposite effects of the reduction of net working capital, on one side, and the acquisition of Transtecno on the other. Non-annualizedROCE was 10.0% (13.7% in 9M 2019). Non- annualized ROE was 9.3% (14.2% in 9M 2019).

At 30 September 2020 Interpump Group S.p.A. had 1,770,006 treasury shares in its portfolio, representing 1.625% of total share capital, purchased at an average cost of € 26.171.

UPDATE ON COVID-19 PANDEMIC

The third quarter and the following weeks saw the continuation of the much-awaited increase trend in both sales and orders, which brought as a consequence the pickup of activity at all Group production sites.

Thanks also to strict compliance with safety provisions, both legal and corporate, Interpump's working environments can be considered to be at almost negligible risk of infection. The only fatal case of Covid- 19 among the Group's 8,000+ employees, registered in the United States, has been traced back to a contagion occurred outside of the workplace.

Pursuant to Article 65-bis, paragraph 2 of Consob Deliberation 11971/1999 as modified and supplemented, the Interim Report at 30 September 2020 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

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Interpump Group S.p.A. published this content on 10 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2020 10:38:02 UTC