| PROFIT and LOSS STATEMENT (Euro thousand) | 2017 | 2016 |
| Net Sales | 449,503 | 393,886 |
| Operating Margin (EBITDA) | 43,178 | 35,409 |
| Operating Profit (EBIT) | 26,296 | 18,528 |
| Profit Before Taxes (EBT) | 21,852 | 11,347 |
| Minority Interests | 152 | 58 |
| Group Net Profit | 18,668 | 10,160 |
| BALANCE SHEET (Euro thousand) | 2017 | 2016 |
| Fixed Assets (net) | 196,936 | 204,027 |
| Working Capital (net) | 20,538 | 19,140 |
| Shareholders’ Equity and Minority Interests | 148,954 | 138,952 |
| Financial Position (net) | 69,632 | 84,215 |
| PER SHARE DATA | 2017 | 2016 |
| Number of outstanding shares | 10,483,274 | 10,483,274 |
| Weighted average outstanding shares | 10,483,274 | 10,483,274 |
| Net Profit per share (on weighted average of shares) | 1.77 | 0.96 |
| Book value per share (on weighted average of shares) | 14.21 | 13.25 |
| OTHER KEY INFORMATION (Euro thousand) | 2017 | 2016 |
| Research and Development Expenses | 23,401 | 22,917 |
| Year-end order Backlog | 169,9 | 143,400 |
| Number of employees | 1,781 | 1,664 |
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