Signed agreement with Tecnica Group

The agreement that will give Italmobiliare 40% of the Group has been finalized. Tecnica is introducing an industrial plan to reach € 500 million target in turnover. The 2017 results are growing beyond the expectations.

On the eve of the 2017/2018 winter season, the Zanatta family and Italmobiliarehave finalized the dealwhereby Italmobiliare becomesa shareholder of Tecnica Group, leader in the outdoor footwear and ski equipment sectors. The transaction,whichis based ona€ 60 million financial commitment part regarding a capital increase and debenture loan for Tecnicaand part related to the direct purchase of a stake fromthe Zanatta family, allowsItalmobiliare to own 40% of Tecnica Group.The operation was particularly comprehensive as the entrance of Italmobiliare has brought a total restructuring of the financial structureof the Group to further strengthen the company’s growth.

Key economic and financial data