PR – Powersoft: The Board of Directors approves the draft financial statements

POWERSOFT: THE BOARD OF DIRECTORS APPROVES THE DRAFT FINANCIAL STATEMENTS AND THE €

CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 DECEMBER 2021

IMPROVEMENT IN ALL THE MAIN ECONOMIC AND FINANCIAL AGGREGATES

CONSOLIDATED REVENUES POWERSOFT 카지노 분양  OF €33.7 MILLION (+10.1%)

EBITDA UP BY 10.4% TO €five MILLION AND NET PROFIT UP BY 30.1%

POSITIVE NFP OF EURO 20.Zero MILLION

BUOYANT GROWTH IN THE US MARKET AND STRENGTHENED POSITIONING AS A SOLUTION

PROVIDER

DIVIDEND OF zero.15 PER SHARE PROPOSED

▪ Consolidated sales of €33.7 million, up 10.1% from €30.6 million in 20201;

▪ EBITDA2 at €5.Zero million, up 10.4% from €four.Five million in 2020 (EBITDA margin at 15%);

▪ EBIT of €2.6 million, up 27.Three% compared to €2.Zero million in 2020 (EBIT margin of 7.7%);

 Net earnings at EUR 2.Three million, up 30.1% against EUR 1.7 million in the previous 12 months;

▪ The Net Financial Position at 31 December 2021 is positive (cash) and same to €20.Zero million as opposed to €eleven.Four million at 30 June 2021 and €nine.7 million at 31 December 2020;

▪ For the primary time for the reason that list, the Board of Directors proposes to the Shareholders' Meeting a dividend of 15 Euro cents in line with share - gross of withholding taxes.

Scandicci (Florence), 28 March 2022 - Powersoft S.P.A. (the "Company" or "Powersoft"), head of a global technology institution in audio amplification, sign processing and transduction systems for the pro-audio region, and indexed on Euronext Growth Milan, these days approved the draft statutory financial statements and the consolidated monetary statements as of December 31, 2021, organized according with International Financial Reporting Standards ("IAS/IFRS").

The effects for the yr 2021 display a marked improvement in all the principle economic and economic aggregates, driven both by way of the slow recovery of the arena economic system and by way of the Group's capacity to react; after the maximum acute year of the pandemic became over, the Group certainly established

1 Total sales at 31/12/2020 have been restated to take into account the different recognition of €0.Eight million of revenues related to the re-invoicing of raw substances inside the Cost of Sales item.

2 EBITDA is defined through Powersoft as Earnings Before Taxes (EBT), as derived from the consolidated assertion of earnings/(loss), before: (i) finance earnings and charges, (ii) amortization of intangible property, (iii) depreciation of property, plant and equipment, and (iv) provisions. As EBITDA isn't identified as an accounting measure below the IAS-IFRS adopted by the Company, its quantitative dedication might not be unambiguous.

Resilience and responsiveness, reaping the primary blessings of the evolution of its strategic positioning from Product Company to Solution Provider.

Powersoft Group CEO Luca Lastrucci commented:

"We are very pleased with the results performed for the duration of 2021. We are continuing to gain the rewards of our approach, that's continuously striving for excellence, at the same time as making an investment closely in product and process innovation and reorganization to seize all of the possibilities offered with the aid of a constantly evolving marketplace.

Powersoft continues growing inside the geographies maximum relevant to our enterprise in both the set up answers and live activities markets, which might be now resuming after the pandemic. The Powersoft logo is now regarded as a world chief and a image of excellent, reliability and sustainability. We face the challenges of 2022 with optimism, assured in our strategic plan and financial strength".