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ECONOMIC PERFORMANCE AND FINANCIAL POSITION

Dear Sole Shareholder,

The draft financial statements for the 2021 financial year, which are being presented for approval, show operating revenues of € 44,817 thousand and a profit for the year of € 1,585 thousand, including € 548 thousand for taxes for the year and a decrease in the allocation of € 47 thousand to the provision for bad debts.

Below are the reclassified Profit and Loss Account and Balance Sheet (expressed in thousands of €), with comments on the changes in the main items compared to the 2020 financial year.

This result is linked to the significant increase in revenues of approximately 22% compared to 2020 and consequent to the increase of +21.3% compared to 2020 of the traffic volumes related to the terminal operations, despite the significant increase in the costs for the purchase of raw materials, semi-finished products and energy goods, which weighed on the EBIT of the financial year.

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