Industrie De Nora S p A : Financial Reports Discover more

	Nora	Group
De		Financial
	Year		of
Half
	as
Report		2022
June	30,

INDEX
CORPORATE BODIES ...................................................................................................................................................	3
GROUP STRUCTURE AS OF JUNE 30, 2022...............................................................................................................	5
INTERIM MANAGEMENT REPORT ............................................................................................................................	6
1.	Macroeconomic and market context...........................................................................................................................	7
	1.1. Currencies...........................................................................................................................................................	8
2.	Alternative performance indicators ..........................................................................................................................	10
3.	Events that occurred during the half-year of 2022 ...................................................................................................	11
4.	Business Performance ..............................................................................................................................................	13
	4.1. Comments on the economic and financial results of the Group .......................................................................	13
	4.2. Consolidated Reclassified Income Statement...................................................................................................	14
	4.3. Consolidated Reclassified Statement of Financial Position .............................................................................	15
	4.4. Revenue and EBITDA by business segment ....................................................................................................	16
	3.4.1. Revenue by business segment ................................................................................................................	16
	3.4.2. EBITDA by business segment................................................................................................................	17
	4.5. Electrode Technologies Business .....................................................................................................................	18
	4.6. Water Technologies Business...........................................................................................................................	21
	4.7. Energy Transition Business ..............................................................................................................................	24
5.	Risk Management, Related Party Transactions and Other Information ...................................................................	26
6.	Events after the reporting date................................................................................................................................. .	27
7.	Outlook .....................................................................................................................................................................	28
CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS AS OF JUNE 30, 2022
	.................................................................................................................................................................................	29
Interim consolidated statement of financial position ......................................................................................................	30
Interim consolidated income statement...........................................................................................................................	31
Interim consolidated statement of comprehensive income .............................................................................................	32
Interim consolidated statement of cash flows .................................................................................................................	33
Interim statement of changes in the net consolidated equity ..........................................................................................	34
EXPLANATORY NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS
AS OF JUNE 30, 2022....................................................................................................................................................	35
Principal Financial Officer Attestation ..........................................................................................................................	70
Independent auditor's report ..........................................................................................................................................	71

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CORPORATE BODIES

Board of Directors1
Executive Chair	Federico De Nora(*)
Chief Executive Officer	Paolo Enrico Dellachà(*)
Directors	Stefano Venier
	Maria Giovanna Calloni(**)
	Mario Cesari
	Michelangelo Mantero
	Teresa Cristiana Naddeo(**)
	Elisabetta Oliveri(**)
	Alessandra Pasini
	Sami Petteri Pelkonen
	Giovanni Toffoli (**)
	Alessandro Garrone (**)
Board of Statutory Auditors
Chair	Marcello Del Prete
Statutory Auditors	Beatrice Bompieri
	Guido Sazbon
Alternate Auditors	Pierpaolo Giuseppe Galimi
	Gianluigi Lapietra
	Raffaella Piraccini

Internal Control, Risk and ESG Committee

ChairTeresa Cristiana Naddeo

Giovanni Toffoli

Alessandra Pasini

Appointments and Remuneration Committee

ChairElisabetta Oliveri

Mario Cesari

Maria Giovanna Calloni

Strategies Committee

ChairPaolo Enrico Dellachà

Federico De Nora

Mario Cesari

Stefano Venier

1 Appointed by the Shareholders' Meeting held on March 9, 2022 (with the exception of Directors Stefano Venier and Alessandro Garrone appointed on April 28, 2022 and June 20, 2022, respectively), in office from June 30, 2022 (Trading start date) and up to the approval of the financial statements for the year ending December 31, 2024.

1. Executive director.

1. Independent director pursuant to Articles 147-ter, paragraph 4, and 148, paragraph 3, of the TUF (Consolidated Finance Act) and Article 2 of the Corporate Governance Code.

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	Alessandra Pasini
Principal Financial Officer:	Matteo Lodrini

Independent auditing company: PricewaterhouseCoopers S.p.A.2

Related Parties Committee

ChairMaria Giovanna Calloni

Teresa Cristiana Naddeo

Elisabetta Oliveri

Supervisory Body

ChairGianluca Sardo

Silvio Necchi

Simona Antonini

2 Appointed by the Shareholders' Meeting on February 18, 2022 for the period covering 2022 - 2030.

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GROUP STRUCTURE AS OF JUNE 30, 2022

Below is the Group structure with an indication of the companies belonging to the Group and the investment held by the Parent company, directly or indirectly, in each subsidiary at June 30, 2022.

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