THE BOARD OF DIRECTORS APPROVED THE
QUARTERLY FINANCIAL REPORT AT 31 MARCH 2018
REVENUES AT €142.9 MILLIONEBITDA AT €22.0 MILLION, 15.4% ON REVENUESNET PROFIT AT €11.2 MILLION, 7.8% ON REVENUESNET FINANCIAL POSITION POSITIVE AT €32.3 MILLION• Revenues at €142.9 million, up 1.0% (+7.8% at constant exchange rates) from €141.5 million in thefirst quarter of 2017.
• EBITDA [1] at €22 million an increase of 5.7% from €20.8 million in the first quarter of 2017;
EBITDA margin increased from 14.7% to 15.4%.
• Net profit at €11.2 million compared to €11.9 million in the first quarter of 2017.
• Further improvement of the Net Financial Position positive at €32.3 million, compared to €30.1million as at 31 December 2017.

Bologna, 9th May 2018 - The Board of Directors of Datalogic S.p.A. (Borsa Italiana S.p.A.: DAL), acompany listed in the STAR Segment of the Italian Stock Exchange managed by Borsa Italiana S.p.A.
(“Datalogic”) and global leader in the automatic data capture and process automation markets, approved
today the Quarterly Financial Report as of 31 March 2018.
The Chief Executive Officer of the Datalogic Group, Valentina Volta, commented: “In the first threemonths of the year, Group revenues increased by 7.8% at constant exchange rates, reaching €143 million,
with double-digit growth at constant exchange rates in the main reference sectors of the Datalogic business
and, in particular, in the Retail sector which, after recording a negative performance in the last two quartersof 2017, experienced a recovery, growing by 4.9% at current exchange rates and by 12.6% at constantexchange rates, as a result of the acquisition of important projects on customers of primary importance inall geographical areas. Growth in the Manufacturing sector was driven by the acquisition of new customers
in China, while in the Transportation & Logistics sector it was driven by the acquisition of orders on themain USA postal couriers, as well as by the acquisition of new customers in EMEA and in China. Growth in
the main sectors was partially limited by the unfavourable performance of the Euro/US Dollar exchange
rate and by the decline in distribution turnover as a result of a typical seasonal trend of stock reduction bythe main distributors. All geographical areas grew at constant exchange rates, including North America
which benefited from important orders in Retail and in T&L. Double-digit growth continued in China andKorea. I am also satisfied with first quarter profitability, with the consolidation of the improvement in grossoperating margin acquired in 2017. This allows the company to continue to accelerate its investments inR&D and in strengthening the sales organisations required for our growth to continue.”

Consolidated net revenues amounted to €142.9 million and, in spite of the unfavourable trend of theEuro/US Dollar exchange rate, they increased by 1%, versus €141.5 million as at 31 March 2017 (+7.8% atconstant exchange rates).
The gross operating margin, at €69.8 million, grew by 5.5% versus €66.2 million realised in the same
period of the previous year (+11.2% at constant exchange rates) and its percentage of revenues improved by
2 points, from 46.8% in 2017 to 48.8% in 2018 (+1.5 percentage points at constant exchange rates). The
improvement is mainly due to the improvement of the mix and to the efficiencies in the cost of materials.
The operating costs, equal to €51.9 million, increased by 4.6% (+13.7% at constant exchange rates) versus€49.6 million in the same period of 2017, and grew by 1.2 percentage points in terms of their percentage osrevenues, from 35.1% to 36.3% (+1.9 percentage points at constant exchange rates). Particularly noteworthy
were:- an increase in Research and Development expenses, which grew by 10% to €14.5 million (+23.2% atconstant exchange rates) and amounted to 10.2% of revenues (10.6% in the core business represented by theDatalogic division), as opposed to 9.3% in the same period of 2017,- an increase in Distribution expenses, which grew by 5.4% to €25.8 million (+13.7% at constant exchangerates) and amounted to 18% of revenues, compared to 17.3% in the same period of 2017.
The EBITDA grew by 5.7%, from €20.8 million in the first quarter of 2017 to €22 million (+4.2% atconstant exchange rates), while the EBITDA margin rose from 14.7% to 15.4%, mainly as a result of theimprovement in gross operating margin.
The EBIT grew by 8.3% to €16.5 million versus €15.3 million in the previous quarter (+2.6% at constantexchange rates), and its percentage of revenues rose to 11.6% from 10.8% in the first quarter of 2017.
The non-recurring costs of €0.8 million (€0.3 million in the first quarter of 2017) related mainly torestructuring operations on some corporate functions.
Financial income was negative by €1.8 million, compared to a negative result of €1.1 million in the same
period of 2017, mainly by effect of the foreign exchange difference performance, negative by €0.8 million,
resulting from the depreciation of the US Dollar on the net balances of the Group. The increase in financial
expenses by €0.4 million, compared to the first quarter of 2017, was due to the increase in grossindebtedness.
Group net profit amountedto €11.2 million, down by 6.1% compared to the profit realised in the same
period of the previous year, amounting to €11.9 million.
The Net Financial Position, as at 31 March 2018, was positive by €32.3 million, up by €42.8 million
compared to 31 March 2017 (negative by €10.5 million) and up by 2.2 million compared to 31 December
2017 (positive by €30.1 million).
The Trade Working Capital as at 31 March 2018 amounted to €72.8 million, up by €11.3 million
compared to 31 December 2017 and down by €8.4 million compared to 31 March 2017.

QUARTER PERFORMANCE BY DIVISION

(*) It should be pointed out that starting from June 2017 some items of non-significant amounts werereallocated among the different divisions; the comparison data as at 31 March 2017 are stated accordingly.
In the first quarter, the Datalogic Division recorded turnover of €132.6 million, up by 0.8% compared to thesame period of 2017 (+6.8% at constant exchange rates), with a positive trend in EMEA, Latin America andAPAC, in particular in China and Korea, where growth above 15% was recorded (+25.9% at constantexchange rates). The division's EBITDA amounted to €20.8 million and decreased by 1.3%, representing
15.7% of turnover (16.0% as at 31 March 2017); this decrease was due to higher investments in Researchand Development and to the increase in Distribution Expenses due to the launch of the commercial
development plan, in accordance with the Group's strategy.

(*)The Channel sector (Unallocated) includes the revenues which are not directly attributable to the 4
sectors identified.
(**) Data for 2017 have been restated.
• The Retail sector increased by 4.9% compared to last year (+12.6% at constant exchange rates) mainly in
EMEA (+11.1%) and Latin America (+12.5%), after recording a negative performance in the last twoquarters of 2017.
• The Manufacturing sector confirmed its expansion, growing by 13.8% compared to last year (+18.2% atconstant exchange rates) driven mostly by growth in EMEA (+14.3%) and China and Korea (+42.1%).
• The Transportation & Logistics sector recorded an increase by 21.2% compared to the same period of2017 (+29.6% at constant exchange rates) with double-digit growth in EMEA and North America.
• The Healthcare sector decreased by 35.7% (-30.2% at constant exchange rates) compared to the firstquarter 2017, when exceptionally positive results had been recorded as a result of the acquisition, in the firsthalf of 2017, of orders from some of the main hospital chains in the United States.

Sales through a distribution channel, above all to small and medium customers not directly included in anyof the 4 main sectors, decreased by 57.2% by effect of a typical seasonal trend of stock reduction by themain distributors, as well as of the negative exchange rate effect in North America.
The Solution Net Systems Division had revenues of €6.1 million, up by 22.7% compared to the first quarter2017 (+32.9% at constant exchange rates) by effect of the acquisition of additional important orders, both in
the postal and in the retail sector. EBITDA related to the Division amounted to €1 million and its percentageof sales was 15.7%, versus 1.8% in the first quarter of 2017.
In the first quarter, the Informatics Division recorded a turnover of €4.8 million, down 20% (-8.3% atconstant exchange rates) compared to the first quarter of 2017. EBITDA related to the Division amounted to€0.1 million (negative by 0.4 million in the same period of 2017).
PERFORMANCE BY GEOGRAPHIC AREA
The following table shows the breakdown by geographical area of Group revenues achieved in the firstquarter of 2018 compared with the same period of 2017:(*) EMEA: Europa, Middle East and Africa; APAC: Asia & Pacific(**) Starting in June 2017, data related to geographical areas have been disclosed to reflect the actual
involvement of each area within the new commercial organisations of the Group; comparative data as at 31
March 2017 are disclosed accordingly.
In the first quarter 2018, growth in EMEA amounted to 4% (+5.4% at constant exchange rates), withdouble-digit growth in APAC, amounting to 11.5% (+22.6% at constant exchange rates), driven by Chinaand Korea (+15.3% and +26% at constant exchange rates) and in Latin America, amounting to 10.9%(+27.7% at constant exchange rates). The performance in North America was negative, with a decrease by
9.1%, substantially due to the negative effect of the currency rates (+5.2% at constant exchange rates).
EVENTS IN THE QUARTER
There are no significant events to report.
EVENTS SUBSEQUENT TO THE END OF THE QUARTER
On 3 April, Datalogic signed, with a primary broker, an agreement pertaining to the buy-back of treasury
shares on the market, implementing the shareholders' meeting resolution authorising the purchase anddisposal of treasury shares of 4 May 2017. The broker will make the purchases in complete independence, incompliance with the pre-established contractual parameters and criteria, as well as restrictions of applicableregulations and the Shareholders’ Meeting resolution of 4 May 2017. The purchases will be made in such amanner as to comply with the equal treatment of shareholders pursuant to Art. 132 of the Consolidated

Finance Act, as well as according to the operating procedures established in the organisation andmanagement regulations of Borsa Italiana S.p.A. In particular, the agreement provides for the buy-back of up
to 500,000 shares and a duration of 7 months, starting from 3 April 2018.
On 23 April 2018, the Board of Directors of Datalogic S.p.A., following consultation with the Control, Risk,Remuneration and Appointments Committee, set the essential terms of the new “2018 - 2021 Remuneration
Plan”, whose adoption shall be submitted for approval to the Shareholders' Meeting, already called for 23May 2018.
BUSINESS OUTLOOK FOR THE CURRENT YEAR
The results of the first quarter, albeit with a negative impact of the trend in the Euro/US Dollar exchange rateon sales, indicate that revenue growth will continue.
The Group is continuing with its strategy, directed at the continuous increase in Research & Development
Investments, on the improvement of the levels of service offered to customers, on further strengthening of
the sales organisations in all main development areas with particular focus in North America and on thecontinuous optimisation of production costs accompanied by strong control over operating costs and general
expenses.
In the absence of significant changes in economic and sector trends, the Group expects to be able to pursue
revenue growth objectives in the current year as well, maintaining profitability and financial soundness.
***
Please note that the Quarterly Report at 31 March 2018 is not audited and will be available to anyone whorequests it at the company headquarters or at Borsa Italiana SpA, on the “eMarket STORAGE” instrument,managed by Spafid Connect S.p.A., and may also be consulted on the company’s website
www.datalogic.com (Investor Relations section), in accordance with the law and applicable regulations.
***
The manager responsible for preparing the company’s financial reports – Alessandro D’Aniello – declares,
pursuant to paragraph 2 of Art. 154-bis of the “Testo Unico della Finanza”, that the accounting information
contained in this press release corresponds to the document results, books and accounting records.
Reclassified income statement at 31 March 2018 – Euro/1.000

Reclassified Balance Sheet at 31 March 2018 [2] – Euro/1.000

Net Financial Position at 31 March 2018 – Euro/1.000

[1] EBITDA(Earnings Before Interest, Taxes, Depreciation and Amortization) is an economic indicatorwhich is not defined in the IFRSs, but is used by the management of the company to monitor and assess its
economic performance, as it is not influenced by the volatility which is due to the various criteria used todetermine the taxable income, amounts and characteristics of the capital employed and the relative
amortization/depreciation policies implemented. Datalogic defines this indicator as the profit/loss for theperiod, gross of amortisation of intangible and depreciation of tangible assets, non-recurring costs,
financial income and expenses and income tax.
[2] The reclassified Balance Sheet shows measures used by the Management to monitor and assess thefinancial performances of the Group. Given that the composition of these measures is not regulated by thereference accounting standards, even if they are directly reconcilable to the IFRS statements, they are notsubject to any audit procedure by the Independent Auditors.