FY 2022 RESULTS

ACTiONS PUT IN PLACE:  PRiCE INCREASES

A CAREFUL STRATEGY OF
SELECTiVE PRiCE iNCREASES
TO MiTiGATE THE IMPACT OF
COST INFLATION AND
PROTECT THE GROSS MARGIN,
MARKiNG A DiSCONTiNUiTY VS.
PREViOUS YEARS 2017 – 2019

The net industrial margin percentage to sales was down due to production inefficiencies and to the
increase in product costs (raw materials, logistics, transformation costs) not fully offset by the price
increases (equal to 87M€ FY22)