Emak SpA reported consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported sales of EUR 70,557,000 compared to EUR 42,663,000 a year ago. EBIT was EUR 1,054,000 compared to EUR 1,288,000 a year ago. LBT was EUR 275,000 compared to EBT of EUR 2,376,000 a year ago. Net loss attributable to the group was EUR 760,000 or EUR 0.005 per basic and diluted share compared to net profit attributable to the group of EUR 1,554,000 or EUR 0.010 per basic and diluted share a year ago. EBITDA was EUR 4.2 million, compared to EUR 3.1 million for the corresponding quarter of the previous year. Total net debt was EUR 97.277 million compared to EUR 106.833 million a year ago.

For the nine months, the company reported sales of EUR 282,440,000 compared to EUR 167,185,000 a year ago. EBIT was EUR 18,321,000 compared to EUR 14,286,000 a year ago. EBT was EUR 14,555,000 compared to EUR 12,775,000 a year ago. Net profit attributable to the group was EUR 8,470,000 or EUR 0.052 per basic and diluted share compared to EUR 8,510,000 or EUR 0.052 per basic and diluted share a year ago. EBITDA was EUR 27.5 million, compared to EUR 19.6 million for the corresponding quarter of the previous year. Total net debt was EUR 97.298 million compared to EUR 36.809 million a year ago. The cash flow from operations (calculated as the sum of net profit and amortization and depreciation)
generated in the period is EUR 17.9 million. Investments in tangible and intangible assets made during the considered period amount to EUR 6.5 million.

Considering the results obtained to date, the company estimates a closure of group sales for 2012 in line with the pro-forma result of 2011, which was approximately EUR 357 million.