Franchi Umberto Marmi: Strong growth in turnover

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Total Revenues at 30 September 2021: Euro 47.7 million compared to € 35.9 million
at 30 September 2020 (+33%), a strong increase in revenues with a significant recovery
in sales both in China and Italy.

Sales in the third quarter of 2021 reached € 14.3 million, growing by 42% compared to
the same period in 2020, thanks to a significant increase achieved in China (+330%
compared to the same quarter of 2020) and in the United States (+55% compared to
the third quarter of 2020) and + 9% compared to the third quarter of 2019 (pre-Covid).

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Revenues in the Italian market increased, reaching an amount of € 18,4 million at 30
September 2021, marking a growth of 12% compared to 30 September 2020. These
revenues represent 39% of the total revenues.

Sales in China grew by 137% in the first nine months of 2021 compared to the same
period of 2020, reaching €14.5 million equal to 30% of total sales for the period and
by 10% compared to the nine months of 2019 (pre-Covid).

Among the main products sold, Calacatta and Statuario are growing rapidly,
contributing to over 53% of total sales, remaining at very high margins.