PRESS RELEASE

THE BOARD OF DIRECTORS APPROVES THE RESULTS AS AT 31 DECEMBER 2022

2022 REVENUE HIGHER THAN 2021 REVENUE

2022 NET PROFIT OF EUR 14.3 MILLION, +33.6% COMPARED TO 2021

EBITDA MARGIN IMPROVED TO 3.8%, COMPARED TO 3.3% IN 2021

ADJ EBITDA TO EUR 30.2 MILLION

THE BoD RESOLVES TO PROPOSE TO THE SHAREHOLDERS' MEETING THE ALLOCATION OF A DIVIDEND OF EUR 0,50 FOR EACH OUTSTANDING SHARE

  • Revenue: EUR 768.4 million vs. EUR 720.8 million in 2021
  • EBITDA: EUR 29.4 million vs. EUR 23.5 million in 2021 (Adj. EBITDA '221 EUR 30.2 million)
  • EBIT: EUR 21.2 million vs. EUR 15.2 million in 2021 (Adj. EBIT '22 EUR 22.7 million)
  • Net profit: EUR 14.3 million vs. EUR 10.7 million in 2021 (2022 adj. net profit EUR 15.4 million)
  • Net Indebtedness: EUR 26.2 million compared to EUR 44.5 million as at 31 December 2021

Milan, 15 March 2023 - The Board of Directors of Openjobmetis S.p.A. (Borsa Italiana: OJM), one of the leading Employment Agencies, listed on the Euronext Milan - STAR segment - operated by Borsa Italiana, has examined the Consolidated Financial Statements and approved the draft Separate Financial Statements as at 31 December 2022, both drawn up in accordance with the International Financial Reporting Standards (IFRS) as defined by the International Accounting Standards Board (IASB). The Board of Directors has also resolved to convene the Shareholders' Meeting on 21 April 2023.

The Managing Director Rosario Rasizza commented: 'Despite the complex macroeconomic context marked by higher energy costs and inflation, the Group recorded revenues of EUR 768.4 million, up compared to the previous year.

1 Gross of charges mainly relating to personnel reorganisation costs, extraordinary bonuses and due diligence in relation to acquisitions and costs for professional services for extraordinary transactions on the regulated market.

Page 1 of 16

Openjobmetis S.p.A.

EMPLOYMENT AGENCY - Auth. Prot. No. 1111-SG dated 26/11/2004

Tax Code/VAT No./Reg. No. in the Milan-MB-Lodi Register of Companies 13343690155 - Share Capital EUR 13,712,000.00 = fully paid-in

HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA)

REGISTERED OFFICE: Via Assietta, 19 - 20161 Milan

Tel. 0331 211501 - info@openjob.it - www.openjobmetis.it PEC (certified e-mail) openjob@secmail.it - SDI SN4CSRI

The positive performance of the subsidiaries Seltis Hub, specialising in recruitment and selection, and Family Care - Employment Agency, specialising in providing family assistants dedicated to the elderly was confirmed.

The entire contribution led us to achieve a net profit of EUR 14.3 million, with growth of +33.6% compared to the previous year.

In light of the results achieved, we have therefore decided to reward the trust of our investors with the allocation a dividend of fifty cents per share.

I recall that in November 2022 we carried out a voluntary partial public tender offer on treasury shares and, considering the feedback collected, we will request a new authorisation from the Shareholders' Meeting to buyback treasury shares up to 20% of the share capital.

We are starting 2023 with optimism justified by a sparkling labour market and regulatory changes that mark an opening towards the world of Employment Agencies.'

MAIN CONSOLIDATED ECONOMIC AND FINANCIAL RESULTS AS AT 31 DECEMBER 2022

thousands of EUR

2022

2021

Change %

Revenue

768,373

720,789

6.6%

First contribution margin

95,162

89,232

6.6%

EBITDA

29,368

23,543

24.7%

EBIT

21,196

15,177

39.7%

Profit (loss) for the year

14,314

10,713

33.6%

thousands of EUR

31/12/2022

31/12/2021

Change %

NFP

26,216

44,464

(41.0%)

Equity

141,521

134,722

5.0%

INCOME STATEMENT

Revenue in 2022 amounted to EUR 768.4 million compared to EUR 720.8 million in 2021. Although the complex conditions of the macroeconomic context due to the international geopolitical scenario, revenue was increased by 6.6% (substantially constant on a like-for-like basis2).

The positive performance of the subsidiaries Seltis Hub S.r.l., specialising in recruitment and selection (approx. +36% compared to 2021), and Family Care S.r.l. - Employment Agency, specialising in providing family assistants dedicated to the elderly (approx. +18% compared to 2021) was confirmed.

In 2022, the Group's First contribution margin amounted to EUR 95.2 million, compared with EUR 89.2 million in 2021. As a percentage of revenue, it was 12.4%, in line with the previous year.

EBITDA came to EUR 29.4 million in 2022, compared to EUR 23.5 million in 2021. Adjusted EBITDA amounted to EUR 30.2 million in 2022, compared with EUR 26.0 million in 2021.

2 The companies Quanta S.p.A. and Quanta Risorse Umane S.p.A. were included in the scope of consolidation starting from June 2021.

Page 2 of 16

Openjobmetis S.p.A.

EMPLOYMENT AGENCY - Auth. Prot. No. 1111-SG dated 26/11/2004

Tax Code/VAT No./Reg. No. in the Milan-MB-Lodi Register of Companies 13343690155 - Share Capital EUR 13,712,000.00 = fully paid-in

HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA)

REGISTERED OFFICE: Via Assietta, 19 - 20161 Milan

Tel. 0331 211501 - info@openjob.it - www.openjobmetis.it PEC (certified e-mail) openjob@secmail.it - SDI SN4CSRI

EBIT came to EUR 21.2 million in 2022, compared to EUR 15.2 million in 2021.

Net Profit at the end of 2022 was EUR 14.3 million, compared to EUR 10.7 million in the previous year.

BALANCE SHEET

Equity as at 31 December 2022 amounted to EUR 141.5 million, compared to EUR 134.7 million as at 31 December 2021.

The Net financial position was negative for EUR 26.2 million, compared with EUR 44.5 million as at 31 December 2022.

****

MAIN ECONOMIC AND FINANCIAL RESULTS FOR FINANCIAL YEAR 2022 FROM THE SEPARATE FINANCIAL STATEMENTS OF OPENJOBMETIS S.P.A.

In 2022, Openjobmetis S.p.A. revenue amounted to EUR 727.1 million, compared to EUR 624.9 million in the previous year. The Operating profit (loss) (EBIT) was EUR 11.7 million, compared to EUR 13.0 million in 2021. Net profit was EUR 11.7 million, compared to a profit of EUR 10.5 million in the previous year.

****

PROPOSED ALLOCATION OF PROFIT FOR THE YEAR

The Board of Directors, taking into account the Company's development projects, proposes to resolve as follows with respect to profit for the year 2022:

  • Allocation of a dividend to the shareholders of EUR 0.50 per each entitled share (excluding treasury shares) up to a maximum of EUR 6,513,220.50
  • Allocation to other reserves for EUR 5,193,190.13
  • There was no allocation to the legal reserve, having reached one fifth of the share capital, as required by Article 2430 of the Italian Civil Code.

In addition, the Board of Directors will propose to resolve that the above dividend be paid, gross of the withholding taxes required by law to be paid, starting from 10 May 2023, with coupon No. 5 to be detached on 8 May 2023 and record date (date when payment of the dividend is legitimated pursuant to Article 83-terdecies of Italian Legislative Decree no. 58 of 24 February 1998 and Article 2.6.6, paragraph 2, of the Regulation of the Markets Organised and Managed by Borsa Italiana S.p.A.) on 9 May 2023.

****

Page 3 of 16

Openjobmetis S.p.A.

EMPLOYMENT AGENCY - Auth. Prot. No. 1111-SG dated 26/11/2004

Tax Code/VAT No./Reg. No. in the Milan-MB-Lodi Register of Companies 13343690155 - Share Capital EUR 13,712,000.00 = fully paid-in

HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA)

REGISTERED OFFICE: Via Assietta, 19 - 20161 Milan

Tel. 0331 211501 - info@openjob.it - www.openjobmetis.it PEC (certified e-mail) openjob@secmail.it - SDI SN4CSRI

MAIN SIGNIFICANT EVENTS OCCURRED DURING 2022

As of 00.00 on 1 January 2022, pursuant to Article 2504-bis, paragraph 2, of the Italian Civil Code, the statutory, accounting and tax effects of the merger by incorporation of Quanta S.p.A. into Openjobmetis S.p.A. became effective. The transaction did not entail any increase in share capital as the entire share capital of the merged company Quanta S.p.A. was wholly owned by the merging company.

By a deed dated 25 March 2022, the company Quanta Risorse Umane S.p.A. was declared merged by incorporation into the company Openjob Consulting S.r.l., with effect for statutory purposes from 1 April 2022 and with effect for tax and accounting purposes from 1 January 2022. The transaction allowed for the conclusion of the integration of the Quanta Group, acquired in 2021, within the Openjobmetis Group, consequently simplifying the corporate structure of the Group and obtaining improvements in terms of management flexibility.

On 19 April 2022, the Shareholders' Meeting approved the financial statements as at 31 December 2021, resolving to allocate the profit for the year and distribute a unit dividend of EUR 0.31 for each entitled share. The Shareholders' Meeting then approved the "2022-2024 Performance Shares Plan" for the free allocation of rights to receive ordinary shares of the Company and granted the Board of Directors all powers necessary to fully implement the plan. Furthermore, the Shareholders' Meeting resolved to authorise the Board of Directors to buy back and dispose of treasury shares, subject to revocation of the previous authorisation granted by the Shareholders' Meeting of 30 April 2021, up to a maximum of shares not exceeding 5% of the share capital of Openjobmetis S.p.A. Finally, the Shareholders' Meeting appointed, pursuant to and for the purposes of Article 2386, first paragraph, of the Italian Civil Code and Article 15.16 of the Articles of Association, Lucia Giancaspro as Director of the Company, who will remain in office until the expiry of the term of office of the current Board of Directors, i.e. until the date of the Shareholders' Meeting called to approve the financial statements for the year ending 31 December 2023. For further information, please refer to the relevant press release.

On 19 April 2022, the Board of Directors of Openjobmetis S.p.A. identified the beneficiaries of the first tranche of the 2022-2024 LTI Performance Shares Plan approved at the Shareholders' Meeting of 19 April 2022, including the Chairman of the Board of Directors Marco Vittorelli, the Deputy Chairman Biagio La Porta, the Managing Director Rosario Rasizza and key management personnel, as well as the number of rights assigned to each beneficiary. For further information, please refer to the relevant press release.

On 8 May 2022, Openjobmetis S.p.A. received an ESG Rating from Sustainalytics for the second year, for a value of 10.4 points compared to 12.5 points in 2021, corresponding to the "Low Risk" level, on a scale from 0 (zero risk) to 40 (very high risk).

On 11 November 2022 the Board of Directors of Openjobmetis S.p.A. met to close the treasury share buyback programme launched on 19 April 2022 on the basis of the authorisation of the Shareholders' Meeting approved on the same date, and approved the launch of a new treasury share buyback programme, also based on the same Shareholders' Meeting authorisation, to be carried out through a partial voluntary public purchase offer for up to 325,065 ordinary shares admitted to trading on the

Page 4 of 16

Openjobmetis S.p.A.

EMPLOYMENT AGENCY - Auth. Prot. No. 1111-SG dated 26/11/2004

Tax Code/VAT No./Reg. No. in the Milan-MB-Lodi Register of Companies 13343690155 - Share Capital EUR 13,712,000.00 = fully paid-in

HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA)

REGISTERED OFFICE: Via Assietta, 19 - 20161 Milan

Tel. 0331 211501 - info@openjob.it - www.openjobmetis.it PEC (certified e-mail) openjob@secmail.it - SDI SN4CSRI

Euronext STAR Milan, at the price of EUR 8.80 per share and for a maximum equivalent value of EUR 2,860,572.00. The Offer Acceptance Period was extended to a duration of 15 Trading Days and began at 8:30 a.m. on 14 November 2022 ended at 5:30 p.m. on 2 December 2022. For further information, please refer to the relevant press release.

On 6 December 2022, Openjobmetis announced the final results of the previously mentioned voluntary partial public tender offer. Members received in acceptance 3,568,654 shares, equal to 26.03% of the entire share capital and 1,097.83% of the maximum number of shares subject to the offer.

Taking the above into account and as a result of the applied allocation coefficient of 9.109%, on 9 December 2022 (i.e., the date of payment of the consideration), the Company purchased 325,024 shares equal to 2.37% of the entire share capital, for a total outlay of EUR 2,860,211.

On 21 December 2022, Openjobmetis S.p.A. announced that the change of the Registered Office was registered in the Milan Register of Companies at the following address: Via Assietta, no. 19, 20161 Milan.

****

MAIN SIGNIFICANT SUBSEQUENT EVENTS

On 27 February 2023, the Parent Company Openjobmetis S.p.A. acquired the minority interest equal to 7.14% of HC S.r.l., becoming the sole shareholder.

On 13 March 2023, the Boards of Directors of Lyve S.r.l. and HC S.r.l. presented and approved the plan for the merger by incorporation of HC S.r.l. into Lyve S.r.l.

****

OUTLOOK

In a context characterised by the consequences of the Russia/Ukraine conflict, in 2022 the Group's revenue was increased by 6.6% with respect to the previous year (substantially constant on a like-for-like basis).

The prospects for 2023, drawn up by the Bank of Italy, envisage the easing of tensions associated with the war starting from late spring, with a consequent attenuation of the uncertainty of the economic and political scenario.

The forecasts of the International Monetary Fund estimate an expected growth of the Italian GDP of +0.6% for 2023, which were considered good omens by the Ministry of Economy.

On the regulatory front, the Meloni Government has demonstrated, from the first months of its work, an openness to the Employment Agencies for a fruitful discussion. On the one hand, the review of the Citizens' Income and, on the other, the simplification of fixed-term contracts represent a clear sign of understanding the needs of the increasingly dynamic labour market.

By virtue of these considerations, for the year 2023 we can hope for a further improvement in results thanks to the ability of the Openjobmetis Group to seize the opportunities that lie ahead.

****

Page 5 of 16

Openjobmetis S.p.A.

EMPLOYMENT AGENCY - Auth. Prot. No. 1111-SG dated 26/11/2004

Tax Code/VAT No./Reg. No. in the Milan-MB-Lodi Register of Companies 13343690155 - Share Capital EUR 13,712,000.00 = fully paid-in

HEADQUARTERS AND OFFICES: Via Marsala, 40/C - Centro Direzionale Le Torri - 21013 Gallarate (VA)

REGISTERED OFFICE: Via Assietta, 19 - 20161 Milan

Tel. 0331 211501 - info@openjob.it - www.openjobmetis.it PEC (certified e-mail) openjob@secmail.it - SDI SN4CSRI

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Openjobmetis S.p.A. published this content on 15 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2023 11:29:07 UTC.