Consolidated Half-Year Financial Report at June 30, 2024

2023

Consolidated Half-Year
Financial Report
June 30, 2024
DATALOGIC GROUP

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Consolidated Half-Year Financial Report at June 30, 2024

TABLE OF CONTENTSGROUP STRUCTURE

3COMPOSITION OF CORPORATE BODIES4REPORT ON OPERATIONS

5CONSOLIDATED STATEMENTS

16

Consolidated Statement of Financial Position
Consolidated Income Statement
Consolidated Statement of Comprehensive Income
Consolidated Statement of Cash Flows
Consolidated Changes in Equity

EXPLANATORY NOTES TO THE CONSOLIDATED STATEMENTS

23

Information on the Statement of Financial Position
Information on the Income Statement

ANNEXES⋅ Certification by the Manager responsible for the preparation of the Company’s financial reports⋅ Consolidation scope⋅ Reconciliation of Alternative Performance Measures⋅ Restatement 2023

DISCLAIMER
This document contains forward-looking statements relating to future events and operating, income and financial results of the Group. These forecasts
have by nature an element of risk and uncertainty, as they depend on the materialisation of future events and developments. Actual results may differ
even significantly from those disclosed due to a variety of factors, most of which beyond the Group's control.

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Consolidated Half-Year Financial Report at June 30, 2024

GROUP STRUCTUREDATALOGIC GROUP

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Consolidated Half-Year Financial Report at June 30, 2024

COMPOSITION OF CORPORATE BODIESBoard of Directors (1)Romano Volta
Valentina Volta
Angelo Manaresi
Chiara Giovannucci Orlandi
Filippo Maria Volta
Vera Negri Zamagni
Valentina Beatrice Manfredi

Executive Chairman (2)Chief Executive Officer (2)Independent Director
Independent Director
Non-Executive Director
Independent Director
Independent Director

Board of Statutory Auditors (3)Diana Rizzo
Elena Lancellotti
Roberto Santagostino

Chair
Standing Auditor
Standing Auditor

Giulia De Martino
Eugenio Burani
Patrizia Cornale

Alternate Auditor
Alternate Auditor
Alternate Auditor

Control, Risks, Remuneration, Appointments and Sustainability Committee
Angelo Manaresi
Chiara Giovannucci Orlandi
Vera Negri Zamagni

Chairman
Independent Director
Independent Director

Independent Auditors (4)Deloitte & Touche S.p.A.

(1) The Board of Directors will remain in office until the Shareholders’ Meeting called to approve the financial statements at December 31, 2026.
(2) Legal representative before third parties.
(3) The Board of Statutory Auditors will remain in office until the Shareholders’ Meeting called to approve the financial statements at December 31,
2024.
(4) Deloitte & Touche S.p.A. were appointed Independent Auditors for the nine-year period from 2019 to 2027 by the Shareholders’ Meeting heldon April 30, 2019 and will remain in office until the Shareholders’ Meeting called to approve the financial statements at December 31, 2027.

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Consolidated Half-Year Financial Report at June 30, 2024

Reporton Operations

Reporton Operations
DATALOGIC GROUP

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Consolidated Half-Year Financial Report at June 30, 2024

REPORT ON OPERATIONSFOREWORD
This Consolidated Half-Year Financial Report at June 30, 2024 was prepared in accordance with Article 154-ter of the
TUF (Consolidated Law on Finance) and was drawn up in compliance with the International Accounting Standards(IAS/IFRS) adopted by the European Union.
The amounts shown in the tables of the Report on Operations are expressed in Euro thousands, while the explanatory
notes are expressed in Euro millions.

GROUP PROFILE
Datalogic S.p.A. and its subsidiaries ("Group" or "Datalogic Group") is a global technological leader in the automatic data
capture and process automation markets. The Group is specialised in the design and production of barcode readers,mobile computers, detection, measurement and safety sensors, vision and laser marking systems and RFID. Its
pioneering solutions help increase the efficiency and quality of processes along the entire value chain in the Retail,
Manufacturing, Transportation & Logistics and Healthcare segments.

PERIOD HIGHLIGHTS
The following table summarises the Datalogic Group’s key income and financial results at June 30, 2024 versus the same
period of the prior year.
The income statement figures at June 30, 2023 have been restated, under IFRS 5, following the transfer of control ofInformatics Holdings, Inc. and the resulting reclassification of its operating results as results from discontinued
operations and, under IAS 1, following the reclassification of certain commercial costs as a reduction of revenue (details
are found in Annex 4 of this document):

Revenue
Adjusted EBITDA
Adjusted EBIT
EBITProfit/(Loss) for the period
Net financial position (NFP)

30.06.2024% on
Revenue

30.06.2023
Restated% on
Revenue

Change% chg.

% chg.
net FX244,630
15,456
61(3,959)9,265(11,805)

100.0%
6.3%
0.0%
-1.6%
3.8%

288,946
31,483
15,525
11,201
12,121(25,101)

100.0%
10.9%
5.4%
3.9%
4.2%

(44,316)(16,027)(15,464)(15,160)(2,856)
13,296-15.3%-50.9%-99.6%
n.a.
-23.6%-15.0%-51.6%
n.a.
n.a.
-25.8%The Group closed first half 2024 with sales Revenue of €244.6 million, down by 15.3% (-15.0% net FX) versus €288.9
million in first half 2023.
Sales from new products (Vitality Index) in first half 2024 accounted for 13.4% of revenue (15.2% in second quarter2024), up from 6.5% in first half 2023.

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Consolidated Half-Year Financial Report at June 30, 2024

Adjusted EBITDA came to €15.5 million, down from €31.5 million in the same period of the prior year, accounting for6.3% of sales (10.9% in first half 2023).
Adjusted EBIT came to €0.1 million (€15.5 million in first half 2023).
Net profit for the period amounted to €9.3 million, accounting for 3.8% of revenue (€12.1 million at June 30, 2023 or
4.2% of revenue), thanks to the proceeds from the sale of Informatics Holdings, Inc.
Net Financial Debt at June 30, 2024 stood at €11.8 million, an improvement of €23.5 million versus December 31, 2023
and of €13.3 million versus June 30, 2023.

REVENUE PERFORMANCEThe breakdown by geographical area of Group revenue for the period, versus the same period of the prior year, is shownin the table below:
30.06.2024%

30.06.2023
Restated%

Change% chg.

% chg.
net FX

Italy
EMEAI (excluding Italy)

24,969114,696

10.2%
46.9%

30,669132,858

10.6%
46.0%

(5,700)(18,162)-18.6%-13.7%-18.6%-13.8%

Total EMEAI
Americas
APAC
Total revenue

139,665
76,49428,471
244,630

57.1%
31.3%
11.6%
100.0%

163,527
83,11942,299288,946

56.6%
28.8%
14.6%
100.0%(23,862)(6,626)(13,829)(44,316)-14.6%-8.0%-32.7%-15.3%-14.7%-8.1%-30.0%-15.0%EMEAI was down by 14.6% in the first half of the year, with Italy dropping by 18.6%. Americas fell less by 8.0%, while
APAC declined more (-32.7%, -30.0% net FX) versus the same period of the prior year.
To better align with its strategic goals and prioritise product and solution offerings, the Group identifies two Market
Segments, which feature distinct sales models, customers with varying purchasing needs, and different stakeholders:
Data Capture and Industrial Automation.
The following is a breakdown of Group revenue split up by these market segments:

Data Capture
Industrial Automation
Total revenue

30.06.2024%

30.06.2023
Restated%

Change% chg.

% chg.
net FX

159,532
85,098244,630

65.2%
34.8%
100.0%

177,909
111,037
288,946

61.6%
38.4%
100.0%(18,377)(25,940)(44,317)-10.3%-23.4%-15.3%-10.0%-23.0%-15.0%The Data Capture segment, with 65.2% of sales (61.6% at June 30, 2023), dropped by 10.3% versus the same period of
the prior year, with declines in EMEAI (-18.0%) and APAC (-12.1%), partly offset by growth in Americas (+3.9%).
The Industrial Automation segment lost 23.4%, declining across all geographies, APAC in particular.

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Consolidated Half-Year Financial Report at June 30, 2024

ALTERNATIVE PERFORMANCE MEASURES (NON-GAAP MEASURES)Management uses certain performance measures, not identified as accounting measures under IFRS (NON-GAAP
measures), to provide a clearer picture of the Group’s performance. The measurement criterion applied by the Groupmight not be the same as the one adopted by other Groups and the measures might not be comparable with theirs.
These performance measures, determined according to provisions set out by the Guidelines on performance measures,issued by ESMA/2015/1415 and adopted by CONSOB with Communication no. 92543 of December 3, 2015, refer only
to the performance of the period related to this Consolidated Half-Year Financial Report and the comparison periods.
The performance measures must be considered as supplementary and do not supersede the information provided
under the IFRS standards. The main measures adopted are described below.
Special Items (or Non-Recurring Costs): income items arising from non-recurring events or transactions,
restructuring activities, business reorganisation, write-downs of fixed assets, ancillary expense from acquisitionsof businesses or companies or their disposals, including amortisation resulting from the recognition of purchaseprice allocation, and any other event deemed by Management not to represent current business activity.



EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation): profit/(loss) for the period fromcontinuing operations before depreciation and amortisation of tangible and intangible fixed assets and rights ofuse, financials (including foreign exchange income and expense) and income tax.

Adjusted EBITDA: profit/(loss) for the period from continuing operations before depreciation and amortisation of
tangible and intangible fixed assets and rights of use, financials (including foreign exchange income and expense),
income tax and Special Items, as defined above.



EBIT (Earnings Before Interest, Taxes) or Operating Result: profit/(loss) for the period from continuing operations
before financials (including foreign exchange income and expense) and income tax.

Adjusted EBIT or Operating Result: profit/(loss) for the period from continuing operations before financials(including foreign exchange income and expense), income tax and Special Items, as defined above.



Net Trade Working Capital: the sum of Inventory and Trade Receivables, less Trade Payables.



Net Working Capital: the sum of Net Trade Working Capital and Other Current Assets and Liabilities including
Provisions for Current Risks and Charges.

Net Invested Capital: the total of Current and Non-Current Assets, excluding financial assets, less Current and NonCurrent Liabilities, excluding financial liabilities.



NFP (Net Financial Position or Net Financial Debt): calculated in accordance with the provisions of “Warning
Notice no. 5/21” of April 29, 2021 issued by CONSOB and referring to ESMA guideline 32-382-1138 of March 4,
2021.



Cash Flow from Operations: the sum of Adjusted EBITDA, changes in Net Trade Working Capital, expenditure intangible and intangible fixed assets (excluding fixed assets under right of use recognised during the period
according to IFRS 16), tax paid, financial expense/income, changes in Other Current Assets and Liabilities, andSpecial Items, as defined above, while excluding any other changes related to equity (such as dividend distributions
and/or the purchase of treasury shares), to transactions of an extraordinary nature, the repayment and/or taking
out of bank loans and/or other financial items in the NFP, and any other transaction that cannot be directly
attributed to the company's business operations.

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Consolidated Half-Year Financial Report at June 30, 2024

GROUP RECLASSIFIED INCOME RESULTS
The following table shows the main items of the income statement for the period versus the same period of the prioryear, the results of which have been restated under IFRS 5 and IAS 1, and for details of which reference is made to Annex
4 of this document:

30.06.2024
Revenue
Cost of goods sold
Gross Operating Margin
Research and Development expense
Distribution expense
Administrative and General expense
Other (expense) income
Total operating costs and other expense
Adjusted EBIT
Special Items - Other (Expense) and Income

30.06.2023
Restated

Change% chg.

244,630(145,133)
99,497(31,044)(44,199)(23,962)(231)(99,436)
61(1,678)100.0%-59.3%
40.7%-12.7%-18.1%-9.8%-0.1%-40.6%
0.0%-0.7%

288,946(169,317)
119,629(29,835)(48,782)(25,282)(205)(104,104)
15,525(1,947)100.0%-58.6%
41.4%-10.3%-16.9%-8.7%-0.1%-36.0%
5.4%-0.7%(44,316)
24,184(20,132)(1,209)
4,583
1,320
(26)
4,668
(15,464)269-15.3%-14.3%-16.8%
4.1%
-9.4%
-5.2%
12.7%
-4.5%
-99.6%-13.8%

Special Items - D&A from acquisitions(2,342)-1.0%(2,377)

-0.8%

35

-1.5%

EBIT
Financials
Foreign exchange gains/(losses)
EBT
Tax
Profit/(Loss) for the period from continuing
operations
Profit/(Loss) for the period fromdiscontinued operations
Profit/(Loss) for the period(3,959)16,832(1,930)10,943
(439)

-1.6%
6.9%
-0.8%
4.5%
-0.2%

11,201
2,115(147)
13,169(2,124)

3.9%
0.7%
-0.1%
4.6%
-0.7%

(15,160)
14,717(1,783)(2,226)
1,685

n.a.
695.8%
1212.9%-16.9%-79.3%

10,504

4.3%

11,045

3.8%

(541)

-4.9%

(1,239)

-0.5%

1,076

0.4%

(2,315)

n.a.

9,265

3.8%

12,121

4.2%(2,856)-23.6%

EBIT
Special Items - Other (Expense) and Income
Special Items - D&A from acquisitions
Depreciation Tang. Fixed Assets and Rights ofUse
Amortisation Intang. Fixed Assets
Adjusted EBITDA(3,959)
1,678
2,342

-1.6%
0.7%
1.0%

11,201
1,947
2,377

3.9%
0.7%
0.8%

(15,160)
(269)
(35)

n.a.
-13.8%
-1.5%

7,315

3.0%

8,116

2.8%

(801)

-9.9%

8,080
15,456

3.3%
6.3%

7,842
31,483

2.7%
10.9%

238
(16,027)3.0%-50.9%The Gross Operating Margin reached €99.5 million versus €119.6 million at June 30, 2023, down slightly as a percentage
of sales, standing at 40.7% versus 41.4% in the same period of 2023, negatively impacted by the decline in volume andprice/ product mix, partly offset by an improvement in productivity, while still showing a gradual sharp improvement in
the second quarter.
Operating costs and other expense amounted to €99.4 million (€104.1 million at June 30, 2023), down in absolutevalue, even though increasing as a percentage of sales, due to lower sales volumes, rising from 36.0% to 40.6%.
Research and Development expense, amounting to €31.0 million, increased by 4.1% versus June 30, 2023. Total
monetary costs in R&D, i.e., before capitalisation and net of amortisation and depreciation (R&D Cash Out), amounted

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Consolidated Half-Year Financial Report at June 30, 2024

to €32.2 million (€30.6 million in the same period of the prior year), with a percentage of sales of 13.2% (10.6% in thesame period of 2023).
Distribution expense amounted to €44.2 million and was down from €48.8 million in the same period of 2023, while
the percentage of revenue increased to 18.1% from 16.9% in the first half of the prior year.
Administrative and General Expense, amounting to €24.0 million at June 30, 2024, decreased by 5.2% versus the same
period of 2023; as a percentage of sales, the item increased from 8.7% to 9.8%.
Financials closed at a positive €14.9 million, although affected by the adverse trend in FX differences, and improved by€12.9 million versus June 30, 2023, thanks mainly to the proceeds from the sale of Informatics Holdings, Inc.

INCOME RESULTS OF THE SECOND QUARTER
The following statement summarises the Datalogic Group’s key income and financial results of second quarter 2024
versus the same period of the prior year.

30.06.2024
Revenue
Adjusted EBITDA
Adjusted EBIT
EBITProfit/(Loss) for the period

133,310
13,330
5,522
3,233
3,219

Quarter ended% on
30.06.2023
Revenue
Restated
100.0%
143,460
10.0%
18,547
4.1%
10,643
2.4%
7,770
2.4%
8,939

% on
Revenue
100.0%
12.9%
7.4%
5.4%
6.2%

Change% chg.

(10,150)(5,217)(5,121)(4,537)(5,720)-7.1%-28.1%-48.1%-58.4%-64.0%% chg.
net FX-7.2%-28.4%-48.8%-59.3%-64.7%REVENUE PERFORMANCEThe breakdown by geographical area of Group revenue in the second quarter, versus the same period of the prior year,
is shown in the table below:
Quarter ended%
30.06.2023%

Change% chg.

% chg. net
FX

11,45060,5648.6%
45.4%

15,29561,850

10.7%
43.1%

(3,845)(1,285)-25.1%-2.1%-25.1%-2.3%

72,01444,536
16,760133,310

54.0%
33.4%
12.6%
100.0%

77,14545,28821,027
143,460

53.8%
31.6%
14.7%
100.0%(5,131)(752)(4,268)(10,150)

-6.7%
-1.7%
-20.3%
-7.1%

-6.8%
-2.8%
-17.9%-7.2%

30.06.2024
Italy
EMEAI (excluding Italy)

Total EMEAI
Americas
APAC
Total revenue

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Consolidated Half-Year Financial Report at June 30, 2024

The following is a breakdown of Group revenue by market segment:

30.06.2024
Data Capture
Industrial Automation
Total revenue

91,711
41,599133,310

Quarter ended%
30.06.2023
68.8%
31.2%
100.0%

86,96656,494143,460%

Change%% chg.
net FX

60.6%
39.4%
100.0%

4,746(14,895)(10,150)

5.5%-26.4%-7.1%

5.3%-26.3%-7.2%

 Data Capture
The Data Capture segment, accounting for 68.8% of sales (60.6% in second quarter 2023), shows a 5.5% increase
versus the same period of 2023, driven by Americas, which reported a notable 18.8% double-digit growth.
 Industrial Automation
The Industrial Automation segment recorded a 26.4% decline in second quarter 2024, affected by all geographicalareas.

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Consolidated Half-Year Financial Report at June 30, 2024

GROUP RECLASSIFIED STATEMENT OF FINANCIAL POSITION FOR THE PERIOD
The following table shows the main financial and equity items at June 30, 2024 versus December 31, 2023.

Intangible fixed assets
Goodwill
Tangible fixed assets and rights of use
Financial assets and investments in associates
Other fixed assets
Fixed Assets
Trade receivables
Trade payables
Inventory
Net Trade Working Capital
Other current assets
Other liabilities and provisions for current risks
Net Working Capital
Other non-current liabilities
Post-employment benefits
Provisions for non-current risks
Net Invested Capital
EquityNet financial position (NFP)

30.06.2024
86,786
196,986
102,1123,719
58,484
448,087
77,260(103,485)
100,075
73,85029,826(66,530)
37,146(45,290)(5,748)(3,480)430,715(418,910)(11,805)

31.12.2023
88,845
205,352
105,486
5,418
58,103
463,204
52,093(83,515)
102,462
71,04031,115(61,624)
40,531(46,327)(5,759)(5,197)446,452(411,131)(35,321)

Change(2,059)(8,366)(3,374)(1,699)381(15,117)
25,167(19,970)(2,387)2,810(1,289)(4,906)(3,385)
1,037
11
1,717
(15,737)(7,779)23,516% chg.
-2.3%
-4.1%
-3.2%
-31.4%
0.7%
-3.3%
48.3%
23.9%
-2.3%
4.0%
-4.1%
8.0%
-8.4%
-2.2%
-0.2%
-33.0%-3.5%
1.9%-66.6%Net Invested Capital, at €430.7 million (€446.5 million at December 31, 2023), decreased by €15.7 million, attributable
mainly to Fixed Assets.
Fixed Assets, amounting to €448.1 million (€463.2 million at December 31, 2023), decreased by €15.1 million,
attributable mainly to a reduction in Goodwill following the sale of Informatics Holdings, Inc. as well as amortisationand depreciation for the period of Intangible and Tangible Fixed Assets.
Net Trade Working Capital at June 30, 2024 amounted to €73.9 million and increased by €2.8 million versus December
31, 2023. As a percentage of sales, it increased from 13.2% at December 31, 2023 to 15.6% at June 30, 2024.

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Consolidated Half-Year Financial Report at June 30, 2024

The Net Financial Position at June 30, 2024 stood at a negative €11.8 million (a negative €25.1 million at June 30, 2023
and at €35.3 million at December 31, 2023). The cash flows that led to the change in the consolidated Net Financial
Position from the beginning of the period are detailed below, versus the same period of the prior year.

Net financial position (Financial debt) beginning of period
Adjusted EBITDA
Change in net trade working capital
Other changes in net working capital and special items
Net expenditure
Tax paid
Net financial income (expense)
Cash Flow from Operations
Dividend distribution
Sale (Purchase) of treasury shares
Disinvestments (investments) of financial assets
Other changes
Change in Net Financial Position
Net financial position (financial debt) end of period

30.06.2024(35,321)
15,456(2,810)(1,014)(9,905)(2,637)(2,919)(3,829)27,34523,516(11,805)

30.06.2023(42,007)
33,011
27,190(9,016)(12,971)(4,605)(1,850)31,760(17,034)(5,314)
3,823
3,672
16,906(25,101)

Change6,686(17,555)(30,000)
8,002
3,066
1,968
(1,069)(35,589)
17,034
5,314(3,823)
23,6736,610
13,296

Cash Flow from Operations at June 30, 2024 stood at a negative €3.8 million. The negative change is attributable mainly
to the cash absorption of Net Working Capital, related to the seasonality of revenue in the six months, and the decreasein Adjusted EBITDA. However, financial debt, at €11.8 million, improved by €13.3 million thanks to the proceeds fromthe sale of Informatics Holdings, Inc. shown under "Other changes”.
At June 30, 2024, the Net Financial Debt is shown below:
30.06.2024

31.12.2023

A. Cash funds

61,48570,629B. Cash equivalents

25,000-C. Other current financial assets--

D. Liquid assets (A) + (B) + (C)86,48570,629E. Current financial debt

5,043

5,421

3,878

3,863

F. Current portion of non-current financial debt

13,842

14,428G. Current Financial Debt (E) + (F)18,885

19,849

H. Current Net Financial Debt (Financial Position) (G) - (D)(67,600)(50,780)

I. Non-current financial debt

79,405

86,101I1. of which lease payables

7,447

7,767

J. Debt instruments--

K. Trade and other non-current payables--

L. Non-Current Financial Debt (I) + (J) + (K)79,405

86,101

M. Total Net Financial Debt/(Net Financial Position) (H) + (L)11,80535,321E1. of which lease payables

At June 30, 2024, the Group had outstanding financial credit lines of approximately €275.0 million, of whichapproximately €186.0 million committed. Undrawn and readily available financial lines amounted to €189.0 million.

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Consolidated Half-Year Financial Report at June 30, 2024

SIGNIFICANT EVENTS IN THE PERIODOn March 7, 2024 Datalogic S.p.A. completed the disposal of 100% of its non-strategic stake in Informatics Holdings,
Inc. (Informatics), a company active in the marketing and distribution of software products and solutions tailored tosmall and medium-sized companies, headquartered in Plano (Texas, USA). The transaction involved the sale by Datalogic
S.p.A. of its stake to a company controlled by the U.S. private equity fund Renovo Capital LLC.
Additionally, effective January 1, 2024, the Board of Directors approved the transfer of the subsidiary Datalogic S.r.l.'s
R&D division business unit to the subsidiary Datalogic IP Tech S.r.l.. As a result, the ownership structure of Datalogic IP
Tech S.r.l. changed as follows: Datalogic S.r.l.'s stake increased from 50% to 67.16%, whereas the parent company
Datalogic S.p.A.'s stake decreased from 50% to 32.84%.
RECLASSIFICATION OF INCOME STATEMENT ITEMS

Starting from the first quarter of the current year, to provide a clearer picture of Group performance, certain costs
shown in distribution expense have been classified as a reduction in revenue.
Comparative figures have been consistently restated; reference is made to the table in Annex 4 of this document for
details of the amounts.
GOVERNANCE

On April 30, 2024, the Shareholders' Meeting approved the Financial Statements at December 31, 2023, and reviewed
the Group's Consolidated Financial Statements at December 31, 2023, and resolved to distribute an ordinary unit
dividend, gross of tax, of 12 Euro cents per share, for a maximum total amount of €6.4 million.
The same Meeting also resolved to:-appoint the Board of Directors for the years 2024-2026, with the election of 6 members from "List No. 1"
submitted by the shareholder Hydra S.p.A., which holds a 64.85% stake in the Company's share capital and a
78.65% stake in the Company's voting share capital (37,900,000 ordinary shares), and the election of 1 member
from "List No. 2" submitted by a grouping of shareholders holding a total 2.64% stake in the share capital;-

appoint Romano Volta as Chairman of the Board of Directors, until the date of the Shareholders' Meeting
convened to approve the financial statements for the year ending December 31, 2026;-

set, pursuant to and in accordance with Article 20 of the Bylaws, in the amount of €2,500,000.00, the maximum
global annual compensation to be granted to all the members of the Board of Directors, including those holding
strategic responsibilities for the current year (2024) and for the portion of the following year (2025), until thedate of approval of the Company's 2024 financial statements, leaving to the discretion of the Board itself any
decision regarding the allocation of the above maximum global amount among the different Directors;-

in implementation of the provisions of Article 123-ter, Legislative Decree No. 58/1998 and 84-quater of
CONSOB Regulation No. 11971 of May 14, 1999, approve the 2024 remuneration policy set out in section oneof the Report on Remuneration Policy and on Compensation Paid and vote in favour of compensation paid in
2023 set out in section two of the Report;-

revoke, for the unexecuted portion at the date of the Shareholders' Meeting, the authorisation to the Board of
Directors to purchase treasury shares resolved by the Shareholders' Meeting on April 27, 2023, and authorise
the Board of Directors, pursuant to and in accordance with Article 2357 et seq. of the Italian Civil Code andArticle 132 of Legislative Decree No. 58 of February 24, 1998, to carry out transactions to purchase the

DATALOGIC GROUP

14

Consolidated Half-Year Financial Report at June 30, 2024

Company's treasury shares, on one or more occasions, for a period not exceeding 18 months from the date ofthis resolution.
MACROECONOMIC AND GEOPOLITICAL RISKS

The socio-political tensions that escalated into conflict between Russia and Ukraine starting from February 2022, thedevelopments of which remain unpredictable, have prompted Western countries to implement economic sanctions
against Russia. The Group has no offices in the countries currently affected by the conflict, nor do they represent
significant outlet or supply markets for it. The potential effects of this situation on the Company and Group's income
and financial results are however constantly monitored.
Since the outbreak of the conflict and the adoption of sanctions by the EU against Russia, a cross-functional working
group has been established to assess and ascertain (including monitoring of "Denied Parties"), from a technical point ofview, which Datalogic products and which business partner relationships could potentially be subject to sanctions.
Following entry into force of the IX European sanctions package, the Group companies have suspended all sales andpost-sales activities with Russia (trade with Belarus had already been blocked) and have implemented control systems
in order to prevent business transactions with sanctioned countries. Additionally, in response to the enactment of the
XII package at end 2023, Datalogic has adjusted its contractual framework to align with the regulations. Moreover,starting from October 2023, tensions between Israel and Hamas have escalated into a conflict. While the Group lacks asphere of influence or operational headquarters in Israel, it remains vigilant regarding potential negative effects
stemming from heightened instability in this region.

EVENTS AFTER THE END OF THE PERIOD
Nothing to report.

BUSINESS OUTLOOKTo date, the Group's outlook for the full year 2024 sees sales broadly in line with the prior year. Growth in the Data
Capture segment is expected to offset the weakness in the Industrial Automation segment, where recovery timing
remains uncertain. Operating margins are expected to match last year's levels, and debt is projected to be lower thanlast year. The Company will also maintain strong investment levels in research and development to support its
innovation strategy, while focusing on ongoing efficiency improvements and cost optimisation.

SECONDARY LOCATIONSThe Parent Company has no secondary locations.

Chairman of the Board of Directors(Romano Volta)

DATALOGIC GROUP

15

Consolidated Half-Year Financial Report at June 30, 2024ùConsolidated
Statements

DATALOGIC GROUP

16

Consolidated Half-Year Financial Report at June 30, 2024

CONSOLIDATED STATEMENT OF FINANCIAL POSITIONASSETS (Euro/000)

Notes

30.06.2024

31.12.2023

A) Non-current assets (1+2+3+4+5+6+7)

448,087

463,204

1) Tangible fixed assets

91,097

94,040Land

111,74912,597

Buildings

1

51,356

51,520

Other assets

1

25,25326,892

Fixed assets under construction and advances

1

2,739

3,031

283,772

294,197

2) Intangible fixed assets
Goodwill

2

196,986

205,352

Development costs

2

44,89042,034Other

232,32636,075

Fixed assets under construction and advances

2

9,570

10,7363) Right of use fixed assets

3

11,015

11,446

4) Investments in associates

4

670

640

5) Non-current financial assets

6

3,049

4,778

6) Trade and other non-current receivables

7

1,417

784

7) Deferred tax assets

12

57,06757,319B) Current assets (8+9+10+11)

293,646

256,299

8) Inventory

100,075

102,462

Raw and ancillary materials and consumables

8

47,55351,002Work in progress and semi-finished products

8

21,84918,690Finished products and goods

830,67332,77096,75570,546

7

77,26052,093of which associates

7

1,477

1,346

of which related parties

7

12

8

7

19,49518,453

10) Tax receivables

9

10,331

12,662

11) Cash and cash equivalents

59) Trade and other current receivables
Trade receivables

Other receivables, accrued income and deferred expense

Total Assets (A+B)

DATALOGIC GROUP

86,48570,629741,733

719,50317

Consolidated Half-Year Financial Report at June 30, 2024

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
LIABILITIES (Euro/000)

Notes

30.06.2024

31.12.2023

A) Total Equity (1+2+3+4+5+6)

10

418,910411,131

1) Share capital

10

30,39230,392

2) Reserves

10

103,200

98,212

3) Retained earnings (losses carried forward)

10

273,083

269,731

4) Profit (loss) for the period

10

8,874

9,859

5) Group Equity

10

415,549

408,194

Profit (loss) for the period attributable to non-controlling interests

10

391

(373)

Share capital attributable to non-controlling interests

10

2,970

3,310

3,361

2,937

133,923

143,384

6) Equity attributable to non-controlling interests
B) Non-current liabilities (7+8+9+10+11)7) Non-current financial payables

11

79,405

86,101

8) Deferred tax liabilities

12

26,11526,334

9) Provisions for post-employment and retirement benefits

13

5,748

5,759

10) Provisions for non-current risks and charges

14

3,480

5,197

11) Other liabilities

15

19,17519,993C) Current liabilities (12+13+14+15)

188,900

164,988

12) Trade and other payables

161,352

133,03015

103,485

83,515of which associates

15

337

92

of which related parties

15

197

21

15

57,86749,515

9

3,631

9,388

Trade payables

Other payables, accrued expense and deferred income13) Tax payables
14) Provisions for current risks and charges

14

5,032

2,721

15) Current financial payables

11

18,885

19,849741,733

719,503

Total Liabilities (A+B+C)

DATALOGIC GROUP

18

Consolidated Half-Year Financial Report at June 30, 2024

CONSOLIDATED INCOME STATEMENT(Euro/000)

Notes1) Revenue

16

30.06.2024

30.06.2023
Restated

244,630

288,946

Revenue from sale of products

225,587

270,473

Revenue from services

19,043

18,473

3,759

3,709

145,213

169,420

161

157

99,417

119,526of which related parties and associates
2) Cost of goods sold17

of which related parties and associates
Gross Operating Margin (1-2)
3) Other revenue

18

1,562

1,049

4) Research and development expense

1732,24830,863359
45,100111
25,797361
49,61393
27,644

131

98

-

-

1,793

1,254

Total operating costs

104,938

109,374

EBIT(3,959)

11,201of which related parties and associates
5) Distribution expenseof which related parties and associates
6) Administrative and general expense17
17of which related parties and associatesof which Parent Company
7) Other operating expense

178) Financial income

19

29,766

16,5949) Financial expense

19

14,864

14,626

Financials (8-9)

14,902

1,968

Profit/(Loss) before tax from continuing operations

10,943

13,169

Income tax

20

Profit/(Loss) for the period from continuing operations

439

2,124

10,504

11,045

Basic earnings/(loss) per share from continuing operations (Euro)

22

0.19

0.19

Diluted earnings/(loss) per share from continuing operations (Euro)

22

0.19

0.19

Net Profit/(Loss) from discontinued operations

21(1,239)

1,076

Net Profit/(Loss) for the period
Basic earnings/(loss) per share (€)
Diluted earnings/(loss) per share (€)

22
22

9,265
0.17
0.17

12,1210.21
0.21

Shareholders of the Parent

8,874

12,111

Non-controlling interests

391

10

Attributable to:

DATALOGIC GROUP

19

Consolidated Half-Year Financial Report at June 30, 2024

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME(Euro/000)

30.06.2024

30.06.2023

9,265

12,121

10
10

31
7,470

41
(5,437)

10(2,473)

Notes

Net Profit/(Loss) for the period
Other items of the statement of comprehensive income:
Other items of the statement of comprehensive income that will later bereclassified to Profit/(Loss) for the period
Profit/(Loss) on cash flow hedges (CFH)
Profit (Loss) from the translation of financial statements of foreign companies
Reclassification of recognised foreign exchange differences due to change inthe consolidation scope
Total other items of the statement of comprehensive income that will later
be reclassified to Profit/(Loss) for the period

5,028(5,396)

(7)
(0)

29
(1)

(7)

29

Total profit/(loss) of the statement of comprehensive income

5,021(5,367)

Net Profit/(Loss) for the period
Attributable to:Shareholders of the Parent
Non-controlling interests

14,286

6,754

13,862
424

6,982
(228)

Other items of the statement of comprehensive income that will not later bereclassified to Profit/(Loss) for the period
Actuarial gains (losses) on defined-benefit plansof which tax effectProfit/(Loss) from financial assets at FVOCIof which tax effectTotal other items of the statement of comprehensive income that will notlater be reclassified to Profit/(Loss) for the period

DATALOGIC GROUP

10

20

Consolidated Half-Year Financial Report at June 30, 2024

CONSOLIDATED STATEMENT OF CASH FLOWS(Euro/000)
Profit/(Loss) before tax
Depreciation of tangible fixed assets and write-downs
Amortisation of intangible fixed assets and write-downs
Depreciation of right of use fixed assets
Losses (Gains) from sale of fixed assets
Change in provisions for risks and charges
Change in provision for obsolescence
Financials
Monetary effect foreign exchange gains (losses)
Other non-monetary changes
Cash flow generated (absorbed) from operations before changes in working
capitalChange in trade receivables
Change in final inventory
Change in trade payables
Change in other current assets
Change in other current liabilities
Change in other non-current assets
Change in other non-current liabilities
Cash flow generated (absorbed) from operations after changes in working
capitalChange in tax assets and liabilities
Interest paid
Interest collected
Cash flow generated (absorbed) from operations (A)Increase in intangible fixed assets
Increase in tangible fixed assets
Decrease in tangible fixed assets
Change in investments and current and non-current financial assets
Change in consolidation scope
Cash flow generated (absorbed) from investments (B)Payment of financial payables
New financial payables
Other changes in financial payables
Payments of financial liabilities from leases(Purchase) sale of treasury shares
Dividend payment
Effect of change in cash and cash funds
Cash flow generated (absorbed) from financing activities (C)Net increase (decrease) in cash (A+B+C)
Net cash and cash equivalents at beginning of period
Net cash and cash equivalents at end of period

DATALOGIC GROUP

Notes
1
2
3
17, 18
14
8
19

7
8
15
7
15
6
5

2
1
1
5
21
11
11
11
10
10

30.06.2024

30.06.2023

9,704
5,245
10,419
2,107
(655)
608
974
(14,902)
(825)
(59)

14,603
6,105
10,229
2,097
(88)
(228)
832
(1,932)(689)(11)

12,61630,918(26,153)566
19,867(1,033)
8,026
(623)
(554)

24,2724,299(2,999)(3,401)
707
(55)
(160)

12,71153,582(3,193)(1,606)358
8,269(9,018)(2,764)2,005(149)
26,605
16,680(7,035)68(2,295)170(9,092)15,85770,62886,485(4,142)(1,723)
197
47,914(9,612)(3,584)225
3,823(9,148)(56,189)
25,000(1,452)(2,248)(5,314)(17,034)(942)(58,179)(19,413)
107,482
88,06921

Consolidated Half-Year Financial Report at June 30, 2024

CONSOLIDATED CHANGES IN EQUITY
Description
01.01.2024
Allocation of
profitSharecapital30,392-

Dividends-

TreasurysharesShare-based incentive
plan
Other changes
Profit/(Loss)for the period
Other items of thestatement ofcomprehensive income
Total comprehensive
Profit (Loss)
30.06.2024
30,392

Description

Sharecapital01.01.2023
30,392
Allocation of
profitDividends
TreasurysharesShare-based
incentive plan
Other changes
Profit/(Loss)for the period
Other items of thestatement ofcomprehensive income
Total comprehensive
Profit (Loss)
30.06.2023
30,392Sharepremium
res.
111,779

TreasurysharesTranslation
reserve

Other
Reserves

Retainedearnings(41,962)

27,482913

269,732

Profit(Loss)of Group
9,859

-

-

-

9,859

(9,859)Profit (Loss)of non-controllinginterests(373)

Share capital andreserves of noncontrolling interests
3,310

Equity attributable
to non-controllinginterests
2,937

373

(373)

-

-

-

-

(6,438)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(70)

-

(70)

-

-

-

-

(70)

-

-

-

-

-

8,874

8,874

391

-

391

9,265

9,265

-

-

4,964

24

-

-

4,988

-

33

33

-

5,021

-

-

4,964

24

-

8,874

13,862

391

33

424

9,265

14,286

111,779(41,962)

32,446937

273,0838,874

415,549

391

2,970

3,361

9,265

418,910Sharepremium
res.
111,779

TreasurysharesTranslation
reserve

Other
Reserves

Retainedearnings

Group
Equity(22,191)

39,331

3,347

255,840

Profit(Loss)of Group
29,550448,048

Profit (Loss)of non-controllinginterests
576

Share capital andreserves of noncontrolling interests
2,943

Equity attributable
to non-controllinginterests
3,519

-

-

-

-

29,550(29,550)

-

(576)

576

-

-

-

-

(17,034)-(17,034)--(5,314)

-

-

-

-

(5,314)

-

-

Group
Equity408,195(6,438)-

Profit(Loss)

Equity9,486

411,131(9,486)--(6,438)

Profit(Loss)

Equity30,126

451,567-(30,126)

-

-

-

-

(17,034)---(5,314)

-

-

-

420

-

-

420

-

-

-

-

420

-

-

-

671

(577)

-

94

-

-

-

-

94

-

-

-

-

-

12,111

12,11110-

10

12,121

12,121--(5,199)70--(5,129)

-

(238)

(238)

-

(5,367)--(5,199)70-

12,111

6,982

10

(238)

(228)

12,121

6,754

111,779(27,505)

34,132

4,508

267,779

12,111

433,196

10

3,280

3,290

12,121

436,486

DATALOGIC GROUP

22

Consolidated Half-Year Financial Report at June 30, 2024

Explanatory
Notes
DATALOGIC GROUP

23

Consolidated Half-Year Financial Report at June 30, 2024

EXPLANATORY NOTES TO THE CONSOLIDATED STATEMENTS
GENERAL INFORMATION
Datalogic is a global technological leader in the automatic data capture and process automation markets. The Company
is specialised in the design and production of barcode readers, mobile computers, detection, measurement and safety
sensors, vision and laser marking systems and RFID.
Its pioneering solutions help increase efficiency and quality of processes in the areas of Retail, Manufacturing,Transportation & Logistics, and Healthcare, along the entire value chain.
Datalogic S.p.A. (hereinafter "Datalogic", the "Parent Company" or the "Company") is a joint-stock company listed onEuronext STAR Milan of Borsa Italiana S.p.A. and is headquartered in Italy. The registered office is in Via Candini 2, Lippodi Calderara (BO).
This Consolidated Half-Year Financial Report at June 30, 2024 includes the figures of the Parent Company and its
subsidiaries (defined hereinafter as “Group”) and the relevant shares in associates.
The publication of this Consolidated Half-Year Financial Report at June 30, 2024 of the Datalogic Group was authorised
by resolution of the Board of Directors dated August 2, 2024.

BASIS OF PRESENTATION
1) General criteria
This Consolidated Half-Year Financial Report was prepared pursuant to Article 154-ter of Legislative Decree no. 58 of
February 24, 1998 (TUF) as subsequently amended and supplemented, as well as to the CONSOB Issuer Regulation. The
criteria for the preparation of the Statement are in accordance with the requirements of IAS 34 "Interim Financial
Reporting”, providing the summary information notes required by the above standard, supplemented if the case toprovide a greater level of information where deemed necessary.
This Consolidated Half-Year Financial Report should therefore be read in conjunction with the Consolidated Annual
Financial Report at December 31, 2023, prepared in accordance with IFRS accounting standards adopted by theEuropean Union, approved by the Board of Directors on March 14, 2024, and available in the Investor Relations sectionof the Group's website (www.datalogic.com).
2) Reporting formats
The reporting formats adopted are compliant with those required by IAS 1 and were used in the Consolidated Annual
Financial Report for the year ended December 31, 2023, in particular:-

current and non-current assets, as well as current and non-current liabilities are shown separately in theStatement of Financial Position. Current assets, which include cash and cash equivalents, are those intended
to be realised, sold or used during the Group’s normal operating cycle; current liabilities are those expected to
be settled in the Group's normal operating cycle or in the twelve months following the end of the year;-with regard to the Income Statement, cost and revenue items are shown based on grouping by function, as thisclassification was deemed more explanatory for understanding the Group's results of operations;

DATALOGIC GROUP

24

Consolidated Half-Year Financial Report at June 30, 2024-

the Statement of Comprehensive Income presents the items that determine profit/(loss) for the period andthe costs and revenue recognised directly under equity;-

the Statement of Cash Flows is presented using the "indirect method".

This Consolidated Half-Year Financial Report is drawn up in Euro thousands, which is the Group’s “functional” and“presentation” currency as envisaged by IAS 21.

3) IFRS accounting standards, amendments and interpretations applied by the Group as fromJanuary 1, 2024
The following IFRS international accounting standards, amendments and interpretations have been applied for the
first time by the Group as of January 1, 2024:•

On January 23, 2020, the IASB published "Amendments to IAS 1 Presentation of Financial Statements:
Classification of Liabilities as Current or Non-current" and on October 31, 2022 published "Amendments to IAS 1
Presentation of Financial Statements: Non-Current Liabilities with Covenants”. These changes aim to clarify how
to classify payables and other short-term or long-term liabilities. Additionally, the amendments also improve theinformation that an entity must provide when its right to defer settlement of a liability for at least twelve months
is subject to meeting certain parameters (i.e., covenants). The adoption of these amendments had no effects on
the Group's consolidated financial statements.

•

On September 22, 2022, the IASB published "Amendments to IFRS 16 Leases: Lease Liability in a Sale andLeaseback". The document requires the seller-lessee to measure the lease liability arising from a sale & leaseback
transaction in a way that it does not recognise the gain or loss that relates to the right of use it retains. The adoptionof these amendments had no effects on the Group's consolidated financial statements.

•

On May 25, 2023, the IASB published "Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial
Instruments: Disclosures: Supplier Finance Arrangements”. The document requires an entity to provide additional
information on reverse factoring arrangements that will enable financial statement users to assess how financial
arrangements with suppliers may affect the entity's liabilities and cash flows and to understand the effect of sucharrangements on the entity's exposure to liquidity risk. The adoption of these amendments had no effects on theGroup's consolidated financial statements.

4) IFRS accounting standards, amendments and interpretations not yet endorsed by the European
Union
At the date of this document, the competent bodies of the European Union have not yet completed the endorsement
process required for the adoption of the amendments and the standards described below.


On May 30, 2024, the IASB published "Amendments to the Classification and Measurement of Financial
Instruments - Amendments to IFRS 9 and IFRS 7″. The document addresses several issues identified in the
post-implementation review of IFRS 9, particularly concerning the accounting treatment of financial assets withreturns that fluctuate based on the achievement of ESG targets, such as green bonds. Specifically, theamendments aim to:

DATALOGIC GROUP

25

Consolidated Half-Year Financial Report at June 30, 2024-

clarify the classification of financial assets with variable returns and tied to environmental, social andcorporate governance (ESG) targets and the criteria to be used for the SPPI test assessment;-

determine that the date of settlement of liabilities through electronic payment systems is the date on
which the liability is settled. However, an entity is permitted to adopt an accounting policy to allow afinancial liability to be derecognised before delivering cash on the settlement date under certain specificconditions.

With these amendments, the IASB has also introduced additional disclosure requirements for investments inequity instruments designated to FVOCI in particular.
The amendments will apply from the financial statements of financial years beginning on or after January 1,
2026. The Directors do not expect any material effect on the Group's consolidated financial statements fromthe adoption of this amendment.


On May 9, 2024, the IASB published a new standard IFRS 19 Subsidiaries without Public Accountability:
Disclosures. The new standard introduces certain simplifications with regard to the disclosures required byother IAS-IFRS standards. This standard can be applied by an entity that meets the following main criteria:-

It is a subsidiary company;-

It has not issued equity or debt instruments listed on a market and is not in the process of issuing them;-Has its own parent company that prepares consolidated financial statements in accordance with IFRS.

The new standard will take effect on January 1, 2027, but early application is permitted. The Directors do not
expect any material effect on the Group's consolidated financial statements from the adoption of thisamendment.


On April 9, 2024, the IASB published a new standard IFRS 18 Presentation and Disclosure in Financial
Statements, which will supersede IAS 1 Presentation of Financial Statements. The new standard aims to
improve the presentation of key reporting formats and introduces important changes with regard to theincome statement format. Specifically, the new standard requires the following:-

Classify revenue and expense into three new categories (operating section, investment section, andfinancial section), in addition to the tax and discontinued operations categories already in the income
statement;-

Present two new sub-totals, operating profit/loss and profit/loss before interest and tax (i.e. EBIT).

The new standard also:-

Requires more information on performance measures defined by management;-

introduces new criteria for information aggregation and disaggregation; and,-introduces a number of changes to the format of the statement of cash flows, including a requirement touse operating profit/loss as the starting point for the presentation of the statement of cash flows prepared
under the indirect method and the elimination of certain classification options for certain items thatcurrently exist (such as interest paid, interest received, dividends paid and dividends received).

The new standard will take effect on January 1, 2027, but early application is permitted. The directors will
evaluate the possible effects of the introduction of this new standard on the Group's consolidated financial
statements in the coming months.


On August 15, 2023, the IASB published "Amendments to IAS 21 The Effects of Changes in Foreign Exchange
Rates: Lack of Exchangeability”. The document requires an entity to apply a methodology to be appliedconsistently in order to ascertain whether one currency can be converted into another and, when this is not
feasible, how to determine the exchange rate to be used and the disclosure to be made in the notes to the

DATALOGIC GROUP

26

Consolidated Half-Year Financial Report at June 30, 2024

financial statements. The amendment will apply as of January 1, 2025, but early application is permitted. The
Directors do not expect any material effect on the Group's consolidated financial statements from the adoptionof this amendment.

5) Use of estimates and assumptions
The preparation of the Consolidated Half-Year Financial Report requires the Directors to apply accounting standards
and methods that, in certain cases, are based on valuations and estimates based on historical experience andassumptions that are evaluated from time to time according to the specific cases. The application of these estimatesand assumptions affects the amounts of revenue, expense, assets and liabilities and their disclosure, as well as thedisclosure of contingent liabilities. The results of financial statement items for which the above estimates andassumptions were used may differ from those shown owing to the uncertainty surrounding the assumptions andconditions on which the estimates are based.
6) Consolidation scopeThis Consolidated Half-Year Financial Report at June 30, 2024 includes the income statement and balance sheet data of
Datalogic S.p.A. and all the companies that it directly or indirectly controls.
On March 7, 2024, the sale of 100% of the subsidiary Informatics Holdings Inc. was finalised, followed by thedeconsolidation of such entity as of that date. The company's results of operations up to the date of deconsolidation
were presented in the income statement in a single line as net profit/(loss) from discontinued operations, as Informatics
Holdings Inc. represented an operating segment of the Group and corporate goodwill a separate Cash-Generating Unit.
The list of investments included in the consolidation area appears in Annex 2, with an indication of the methodology
used.

DATALOGIC GROUP

27

Consolidated Half-Year Financial Report at June 30, 2024

7) Translation criteria of foreign currency financial statements
The exchange rates used to determine the value in Euro of financial statements denominated in foreign currency ofsubsidiaries (currency for 1 Euro) are shown hereunder:
Currency (ISO Code)June 2024
Actualexchange rate
US Dollar (USD)
British Pound Sterling (GBP)
Swedish Krona (SEK)Singapore Dollar (SGD)
Japanese Yen (JPY)
Australian Dollar (AUD)
Hong Kong Dollar (HKD)
Chinese Renminbi (CNY)
Brazilian Real (BRL)
Mexican Peso (MXN)
Hungarian Forint (HUF)
Czech Crown (CZK)DATALOGIC GROUP

1.07
0.85
11.36
1.45
171.94
1.61
8.36
7.77
5.89
19.57
395.1025.03

Quantity of currency for 1 Euro
June 2024
December 2023
Average
Actualexchange rateexchange rate
for the period
1.08
1.11
0.85
0.87
11.39
11.10
1.46
1.46
164.46156.33
1.64
1.63
8.45
8.63
7.80
7.85
5.49
5.36
18.51
18.72
389.76382.8025.01
24.72

June 2023
Averageexchange rate
for the period
1.08
0.88
11.33
1.44
145.76
1.60
8.47
7.49
5.48
19.65
380.8523.69

28

Consolidated Half-Year Financial Report at June 30, 2024

SEGMENT DISCLOSURE
An operating segment is a part of an entity engaged in business activities that generate revenue and incur costs. Its
operating results are reviewed regularly at the highest level of decision-making to allocate resources and assess
performance. A geographical segment pertains to a set of activities that offers products or services within a specificeconomic environment, which is subject to distinct risks and returns compared to segments operating in other economic
environments. It should be noted that as of the date of these interim consolidated financial statements, as a result of
the sale of Informatics Holdings Inc., no operating segments have been identified that meet all the requirements of IFRS
8 for separate disclosure.
In accordance with IFRS 8, information on geographical segments is shown below. Specifically:-

revenue from external customers allocated to geographical areas based on which Group managementmonitors and analyses performance;-

non-current assets other than financial instruments and deferred tax assets broken down according to thesame principles used for revenue.

The income information at June 30, 2024 and June 30, 2023 is the following:
30.06.2024%

30.06.2023
Restated%

Change% chg.

% chg.
net FX

Italy
EMEAI (excluding Italy)

24,969114,696

10.2%
46.9%

30,669132,858

10.6%
46.0%

(5,700)(18,162)-18.6%-13.7%-18.6%-13.8%

Total EMEAI
Americas
APAC
Total revenue

139,665
76,49428,471
244,630

57.1%
31.3%
11.6%
100.0%

163,527
83,11942,299288,946

56.6%
28.8%
14.6%
100.0%(23,862)(6,626)(13,829)(44,316)-14.6%-8.0%-32.7%-15.3%-14.7%-8.1%-30.0%-15.0%

The asset information related to operating segments at June 30, 2024 and at December 31, 2023 is the following.

Italy
EMEAI (excluding Italy)
Americas
APAC
Total non-current assets

30.06.2024
135,206
48,678
189,513
17,624
391,02131.12.2023
137,9950,64
200,056
17,204
405,889

Change-2,784-1,963-10,543420-14,869

Comparative data includes Informatics balances.

DATALOGIC GROUP

29

Consolidated Half-Year Financial Report at June 30, 2024

INFORMATION ON THE CONSOLIDATED STATEMENT OF FINANCIAL POSITIONASSETS
Note 1. Tangible fixed assets
Tangible fixed assets at June 30, 2024 amounted to €91,097 thousand. During the period, net expenditure of €1,440
thousand and depreciation of €5,245 thousand was recognised, while exchange rate effects closed with a positive€1,022 thousand. The breakdown of the item at June 30, 2024 and at December 31, 2023 is shown below.

Land
Buildings
Other assets
Fixed assets under construction and advances
Total

30.06.2024
11,74951,35625,253
2,739
91,09731.12.2023
12,59751,52026,892
3,031
94,040Change(848)(164)(1,639)(292)(2,943)The “Other assets” item at June 30, 2024 includes the following categories: industrial equipment and moulds (€11,486
thousand), plant and machinery (€6,399 thousand), office furniture and machines (€3,954 thousand), generic plant
related to buildings (€2,164 thousand), lightweight constructions (€223 thousand), commercial equipment and demo
rooms (€586 thousand), leasehold improvements (€264 thousand), and motor vehicles (€177 thousand).
The balance of “Fixed assets under construction and advances”, equal to €2,739 thousand, is composed primarily ofmoulds under construction and equipment and production lines built in house, and of improvements to ownedbuildings.

Note 2. Intangible fixed assets
Intangible fixed assets at June 30, 2024 amounted to €283,772 thousand. During the period, net expenditure of €9,119
thousand and amortisation of €10,419 thousand was recognised, while exchange rate effects closed with a positive€5,626 thousand. The breakdown of the item at June 30, 2024 and at December 31, 2023 is shown below:

Goodwill
Development costs
Other
Fixed assets under construction and advances
Total

DATALOGIC GROUP

30.06.2024
196,986
44,89032,326
9,570
283,772

31.12.2023
205,352
42,03436,075
10,736294,197

Change(8,366)
2,856(3,749)(1,166)(10,425)30

Consolidated Half-Year Financial Report at June 30, 2024

Goodwill“Goodwill” amounted to €196,986 thousand and decreased by €8,366 thousand, of which €13,662 thousand due to thedeconsolidation of Informatics Holdings Inc., while FX effects came to a positive €5,296 thousand.

Datalogic CGU
Informatics CGU
Total

30.06.2024
196,986-

31.12.2023
191,690
13,662

Change5,296(13,662)

196,986

205,352(8,366)The estimated recoverable value of the Cash Generating Unit (CGU) associated with the goodwill of the Datalogic CGU
being evaluated is the corresponding value in use, calculated by discounting at a rate equal to the weighted average
cost of capital or "WACC” the future operating cash flows expected to be generated by the CGU based on the Discounted
Cash Flow method.
At June 30, 2024, the Directors assessed that the assumptions used for the impairment test of the aforementioned CGU
at December 31, 2023, and the associated long-term plan, remained valid. Consequently, they did not identify any
impairment indicators for the recorded Goodwill. In making this assessment, the Directors took account of the actual
results at June 30, 2024 and expected for the full year 2024, which are basically in line with the amounts considered forthe purpose of the impairment test prepared when preparing the consolidated financial statements at December 31,
2023.

Development costs, Other intangible fixed assets and fixed assets under construction and advances"Development costs”, amounting to €44,890 thousand at June 30, 2024 (€42,034 thousand at December 31, 2023),
consists of product development projects. The change stems mainly from expenditure made during the period.
“Other”, amounting to €32,326 thousand, consists primarily of intangible assets acquired through businesscombinations carried out by the Group, and software licences as detailed below:

Patents
Know-how
Customer portfolio
Licences
SoftwareTotal

30.06.2024
2,853
11,456
10,493636
6,888
32,32631.12.2023
3,681
12,533
10,943880
8,038
36,075

Change(827)(1,077)(450)(244)(1,150)(3,749)“Fixed assets under construction and advances”, amounting to €9,570 thousand (€10,736 thousand at December 31,2023), is attributable mainly to the capitalisation of costs for product development projects currently under way.

DATALOGIC GROUP

31

Consolidated Half-Year Financial Report at June 30, 2024

Note 3. Right of use fixed assets
Net positive changes for €1,668 thousand and depreciation for €2,107 thousand were recognised during the period. The
breakdown of the item at June 30, 2024 and at December 31, 2023 is shown below.
30.06.2024
8,334
2,523
158
11,015

Buildings
VehiclesOffice equipment
Total

31.12.2023
9,181
2,122
143
11,446

Change
(847)
401
15
(431)

Note 4. Investments in associates
Non-controlling investments held by the Group, details of which can be found in Annex 2, amounted to €670 thousandat June 30, 2024 (€640 thousand at December 31, 2023).

Note 5. Financial assets and liabilities by category
The table below provides a breakdown of “Financial assets and liabilities” under IFRS 9.

Financial assets

Non-current financial assets
Non-current financial assets and investments
Other receivables
Current financial assets
Trade receivables
Other receivables
Cash and cash equivalents
Total

Non-current financial assets
Non-current financial assets and investments
Other receivables
Current financial assets
Trade receivables
Other receivables
Cash and cash equivalents
Total

DATALOGIC GROUP

Financial assets at
amortised cost

Financial assets
at FV throughprofit and loss

Financialassets at FV
through OCI

30.06.2024

1,417
1,417
183,240
77,26019,49586,485
184,657

2,957
2,957
2,957

92
92
92

4,466
3,049
1,417
183,240
77,26019,49586,485
187,706

Financial assets
at amortised cost

Financial assets
at FV throughprofit and loss

Financialassets at FV
through OCI

31.12.2023

2,839
2,055
784
141,175
52,09318,45370,629144,014

2,624
2,624
2,624

99
99
99

5,562
4,778
784
141,175
52,09318,45370,629146,73732

Consolidated Half-Year Financial Report at June 30, 2024

"Cash and cash equivalents" amounted to €86,485 thousand. Details are found in the Net Financial Debt schedule in theReport on Operations.

Financial liabilities
Derivatives

Financial liabilities atamortised cost

30.06.2024-

98,58079,405
19,175
180,237
103,485
57,867
18,885
278,817

98,58079,405
19,175
180,237
103,485
57,867
18,885
278,817

Derivatives

Financial liabilities atamortised cost

31.12.2023-

106,094
86,101
19,993
152,879
83,51549,515
19,849258,973

106,094
86,101
19,993
152,879
83,51549,515
19,849258,973

Non-current financial liabilities
Financial payables
Other payables
Current financial liabilities
Trade payables
Other payables
Current financial payables
Total

Non-current financial liabilities
Financial payables
Other payables
Current financial liabilities
Trade payables
Other payables
Current financial payables
Total

The fair value of financial assets and financial liabilities is determined according to methods classifiable in the various
levels of the fair value hierarchy as envisaged by IFRS 13. Specifically, the Group uses internal valuation models generally
used in financial practice, based on prices provided by market participants or quotations recorded on active markets.

Fair value - hierarchy
All the financial instruments measured at fair value are classified in the three categories shown below:
Level 1: market prices;
Level 2: valuation techniques (based on observable market data);
Level 3: valuation techniques (not based on observable market data).

Assets measured at fair value

Level 1

Level 2

Level 330.06.2024

Non-current financial assets and investments

92

-

2,957

3,049

Total

92

-

2,957

3,049

Note 6. Financial assets and non-current financial receivables
Financial assets include the following:

DATALOGIC GROUP

33

Consolidated Half-Year Financial Report at June 30, 2024

Non-current financial assets
Total

30.06.2024
3,049
3,049

31.12.2023
4,778
4,778

Change(1,729)(1,729)Non-current financial assets amounted to €3,049 thousand. The main change refers to the write-down of an investment
with uncertain recoverability.

The change in “Non-current financial assets” is detailed below:
2024
4,778
185
(2,028)(7)
121

At January 1
Acquisitions (Disposals)Write-downs
Gains (Losses) recognised in OCI
Gains/(Losses) recognised in the income statement
Exchange rate adjustments
At June 30

3,049

2023
8,119
(56)
29
6
(13)
8,085

Note 7. Trade and other receivables
The breakdown of the item at June 30, 2024 and at December 31, 2023 is shown below:

Trade receivables
Contract assets - Invoices to be issued
Bad debt provisions
Net trade receivables
Receivables from associates
Receivables from related parties
Sub-total - Trade receivables
Other receivables - current accrued income and deferred expense
Other receivables - non-current accrued income and deferred expense
Sub-total - Other receivables - accrued income and deferred expense
Less: non-current portion
Trade and other receivables - current portion

30.06.2024
71,557
5,654(1,440)75,7711,477
1277,26019,495
1,417
20,912
1,417
96,75531.12.2023
46,065
6,145(1,471)50,7391,346
852,09318,453784
19,237784
70,546

Change25,491(490)
3125,032131
425,167
1,042
633
1,675
633
26,209Trade receivables"Trade receivables" amounted to €77,260 thousand, increasing by €25,167 thousand versus December 31, 2023. At June30, 2024, trade receivables factored without recourse amounted to €30,509 thousand (€30,218 thousand at December
31, 2023). Trade receivables from related parties and associates arise from commercial transactions carried out at
normal market conditions.

Other receivables - accrued income and deferred expense
The details of “Other receivables - accrued income and deferred expense” are shown below.

DATALOGIC GROUP

34

Consolidated Half-Year Financial Report at June 30, 2024

Other current receivables
Other non-current receivables
VAT receivable
Accrued income and deferred expense
Total

30.06.2024
3,573
1,417
13,0492,873
20,91231.12.2023
3,232
784
11,8893,332
19,237

Change
341
633
1,160
(459)
1,675

The “VAT receivable” of €13,049 thousand refers to normal commercial transactions.
The “Accrued income and deferred expense” item is composed mainly of the recognition of insurance contracts andhardware and software licenses.

Note 8. Inventory
At June 30, 2024, inventory totalled €100,075 thousand, decreasing by €2,387 thousand during the period, including€1,940 thousand from the deconsolidation of Informatics.

Raw and ancillary materials and consumables
Work in progress and semi-finished products
Finished products and goods
Total

30.06.2024
47,553
21,84930,673100,075

31.12.2023
51,002
18,69032,770102,462

Change(3,449)3,159(2,097)(2,387)

Inventory is shown net of an obsolescence provision totalling €16,385 thousand at June 30, 2024 (€15,482 thousand at
December 31, 2023).

Note 9. Tax receivables and payables

Tax receivables
Tax payables
Total

30.06.2024
10,331(3,631)6,700

31.12.2023
12,662(9,388)3,274

Change(2,331)
5,757
3,426

At June 30, 2024, the net balance of "Tax Receivables and Payables" was positive and equal to €6,700 thousand versus
a positive 3,274 thousand at December 31, 2023, marking a positive change of €3,426 thousand.

DATALOGIC GROUP

35

Consolidated Half-Year Financial Report at June 30, 2024

LIABILITIES AND EQUITY
Note 10. Equity
The composition of Equity at June 30, 2024 is shown below.
30.06.2024

31.12.2023

ChangeShare capital

30,39230,392-

Share premium reserve

111,779

111,779-

Treasury shares held in portfolio(41,962)(41,962)-

Share capital and reserves

100,209100,209-

Translation reserve

32,44627,482

4,964

937

913

24

Retained earnings

273,083

269,731

3,352

Profit for the period

8,874

9,859

(985)

Total Group equity

415,549

408,194

7,355

391

(373)

764

Share capital attributable to non-controlling interests

2,970

3,310

(340)

Total Group equity

3,361

2,937

424

418,910411,131

7,779

Other reserves

Profit (loss) for the period attributable to non-controlling interests

Total consolidated equity

Share capital
At June 30, 2024, the share capital of €30,392 thousand represents the fully subscribed and paid-up share capital of the
Parent Company Datalogic S.p.A.. It comprises ordinary shares for a total of 58,446,491, of which 4,800,000 held astreasury shares for a value of €41,962 thousand, therefore the outstanding shares at that date amounted to 53,646,491.
Other Reserves
At June 30, 2024, there was no change in the "Reserve for treasury shares held in portfolio”.
The "Translation reserve" shows an increase of € 4,964 thousand, as a result mainly of the performance of the USD, thefunctional currency of some of the Group's major investees.
At June 30, 2024, "Other reserves” amounted to €937 thousand (€913 thousand at December 31, 2023).

DATALOGIC GROUP

36

Consolidated Half-Year Financial Report at June 30, 2024

Note 11. Financial payables“Financial payables” at June 30, 2024 amounted to €98,290 thousand, decreasing by €7,660 thousand as detailed below.
30.06.2024
85,801
11,325731
68
365
98,290Bank loans
Financial payables from leases
Payables to factoring companies
Other financial payables
Bank overdrafts
Total

31.12.2023
92,762
11,630592
817
149
105,950

Change(6,961)
(305)
139
(749)
216
(7,660)The change in "Bank loans" for the period is attributable to repayment of loans totaling €7,035 thousand.
The breakdown of financial payables, divided into current and non-current portions, is shown below:
30.06.2024
79,405
18,88598,290Non-current financial payables
Current financial payables
Total

31.12.2023
86,101
19,849105,950

Change(6,696)(964)(7,660)At June 30, 2024, the Group had outstanding credit lines of approximately € 275 million, of which approximately € 189.0
million undrawn.

Covenants
Certain loan agreements require the Group to comply with financial covenants, measured on a half-year basis at June
30 and December 31, summarised in the following table:
Loan

Company

RCF

Datalogic S.p.A.

NFP/EBITDA 4.5x; 4.0x *half-year

Reference financial
statements
Consolidated

Roller Coaster

Datalogic S.p.A.

NFP/EBITDA 3.0x

half-year

Consolidated

Covenants

Frequency* 4.5x at June and 4.0x at December
At June 30, 2024, all covenants had been met.

Note 12. Net deferred tax
Deferred tax assets and deferred tax liabilities result both from positive items already recognised in the income
statement and subject to deferred taxation under current tax regulations and temporary differences between recorded
assets and liabilities and their relevant taxable value.
Deferred tax assets are accounted for in accordance with the assumptions of future recoverability of the temporary
differences they originated from, i.e., on the basis of strategic economic and tax plans.
Temporary differences generating deferred tax assets consist mainly of tax losses and tax paid abroad, provisions forrisks and charges, and foreign exchange adjustments. Deferred tax liabilities are attributable mainly to temporary
differences in exchange rate adjustments and statutory and tax differences in the amortisation/depreciation schedules

DATALOGIC GROUP

37

Consolidated Half-Year Financial Report at June 30, 2024

of tangible and intangible fixed assets and fair value measurements of assets as part of business combinations carriedout by the Group.
30.06.2024
57,067(26,115)
30,952

Deferred tax assets
Deferred tax liabilities
Net deferred tax

31.12.2023
57,319(26,334)
30,985

Change
(252)
219
(33)

Deferred tax assets amounted to €57,067 thousand and included foreign tax receivables attributable mainly to thesubsidiary Datalogic USA Inc., deemed recoverable in light of the subsidiary's expected earnings prospects in the coming
years, corroborated by the performance of this market in the first half of the year.
The Provision for deferred tax liabilities at June 30, 2024 amounted to €26,115 thousand and refers mainly to temporary
differences related to asset depreciation/amortisation schedules, as well as tax adjustments resulting from theconsolidation processes of recent acquisitions made by the Group.

Note 13. Provisions for post-employment and retirement benefits
The breakdown of changes in “Provisions for post-employment and retirement benefits” at June 30, 2024 andJune 30, 2023 is shown below:
2024
5,759
1,023
(839)
(266)
62
9
5,748

At January 1
Amount allocated in the period
Utilisations
Receivable from INPS
Other movements
Exchange rate adjustments
At June 30

2023
6,163
1,292
(1,134)
(391)
(5)
5,925

Note 14. Provisions for risks and charges"Provisions for risks and charges" at June 30, 2024, amounted to €8,512 thousand (€7,918 thousand at December 31,2023), represented by the best estimate of the contingent liabilities to which the Group is exposed in relation tocontractual obligations for product warranties and long-term incentive and retention plans for personnel (middle
management and key people), as well as contingent liabilities of a tax, labour law and supplementary agents’ indemnity
nature, as shown below.
31.12.2023
Product warranty provision
Provision for staff incentive
and retention plans
Other provisions
Total

DATALOGIC GROUP

Increases(Utilisations)(Releases)

5,845

-

(305)

Change inconsolidation
scope
(14)

Foreignexchangedifference-

30.06.2024

1,510

1,013

(53)

-

26

2,496

563
7,918

1,013

(73)
(431)

(14)

26

489
8,512

5,526

38

Consolidated Half-Year Financial Report at June 30, 2024

The “Product warranty provision” covers the estimated cost of repairing products sold up to June 30, 2024 and coveredby a warranty period; said provision amounted to €5,526 thousand (of which €3,156 thousand long-term).
"Provision for staff incentive and retention plans" refers to the estimated bonuses to be paid to staff based on longterm incentive and retention plans accrued at June 30, 2024.
"Other provisions" at June 30, 2024 amounted to €489 thousand and consisted mainly of provisions for supplementary
agent’s indemnity and for contingent liabilities of a fiscal and labour law nature.
The breakdown of provisions for risks, divided into current and non-current portions, is shown below:

Provisions for risks and charges, current portion
Provisions for risks and charges, non-current portion
Total

30.06.2024
5,032
3,480
8,512

31.12.2023
2,721
5,197
7,918

Change2,311(1,717)594

31.12.2023
78,8594,543
83,40292
21
83,51528,31021,20419,99369,507
19,993133,029

Change21,150(1,601)
19,549245
176
19,97010,980(2,627)
(818)
7,535
(818)
28,323Note 15. Trade and other payables, accrued expense and deferred income

Trade payables
Contractual liabilities - customer advances
Trade payables
Payables to associates
Payables to related parties
Total trade payables
Other current payables
Current accrued expense and deferred income
Non-current accrued expense and deferred income
Total Other payables - accrued expense and deferred income
Less: non-current portion
Current portion

30.06.2024
100,009
2,942
102,951
337
197
103,485
39,29018,577
19,17577,042
19,175
161,352

Trade payables"Trade payables" amounted to €103,485 thousand, increasing by €19,970 thousand versus the end of the prior year.
Other current payables

Payables to employees
Payables to welfare and social security entities
Other payables
VAT payables
Total

DATALOGIC GROUP

30.06.2024
21,536
6,598
8,915
2,241
39,29031.12.2023
18,418
6,834
2,070
988
28,310Change
3,118
(236)
6,845
1,253
10,98039

Consolidated Half-Year Financial Report at June 30, 2024

"Other current payables", amounting to €39,290 thousand at June 30, 2024, consists mainly of "Payables to employees"
for the fixed and variable components of salaries and holiday entitlements, as well as the related “Payables to welfare
and social security entities”. The increase from the prior year is attributable mainly to the dividend resolved but not yet
distributed amounting to € 6,438 thousand by the Parent Company.
Accrued expense and deferred income“Accrued expense and deferred income”, amounting to €37,752 thousand at June 30, 2024 (€41,197 thousand at
December 31, 2023), is composed mainly of deferred revenue related to the Ease of Care long-term maintenancecontracts.

DATALOGIC GROUP

40

Consolidated Half-Year Financial Report at June 30, 2024

INFORMATION ON THE INCOME STATEMENT
Note 16. Revenue
Revenue classified by type is shown in the following table:
30.06.2024
Revenue from sale of products
Revenue from services
Total revenue

225,587
19,043244,63030.06.2023
Restated
270,473
18,473288,946

Change(44,886)570(44,316)

At June 30, 2024, consolidated net revenue amounted to €244,630 thousand, down by 15.3% versus €288,946 thousandin first half 2023. The Group’s revenue, classified by recognition method, is broken down as follows:
Revenue broken down by recognition method
Revenue from sale of goods and services - point in time
Revenue from sale of goods and services - over time
Total

30.06.2024
207,929
36,701
244,63030.06.2023
Restated
257,641
31,305288,946

Change(49,712)5,396(44,316)

The Group recognises revenue for the sale of goods and services at a specific point in time when control of the assets
has been transferred to the customer, usually at the same time as the delivery of the good or provision of the service.
Instead, revenue recognition takes place over time, based on the status of performance of contractual obligations, when
the performance does not create an asset that has an alternative use for the Group and the Group has the collectible
right to payment for the completed performance up to the date considered.

Note 17. Cost of goods sold and operating costs
The following table shows the trends of cost of goods sold and operating costs at June 30, 2024, versus the same periodof the prior year, before special items.
30.06.2024
Cost of goods soldOperating costs
Research and development expense
Distribution expense
Administrative and General expense
Other operating expense
Total

145,213
104,938
32,24845,10025,7971,793
250,151

30.06.2023
Restated
169,420
109,374
30,86349,61327,644
1,254
278,794

Change(24,207)(4,436)
1,385(4,513)(1,848)539(28,643)

Cost of goods soldCost of goods sold at June 30, 2024 was €145,213 thousand. The change is -14.3%, while the percentage of sales
deteriorated slightly by 0.8% to 59.4% from 58.6% in the comparison period.

DATALOGIC GROUP

41

Consolidated Half-Year Financial Report at June 30, 2024

Operating costs"Operating Costs”, totalling €104,938 thousand, decreased by 4.1%; as a percentage of sales, it increased byapproximately 5% from 37.9% to 42.9%.
"Research and development expense" at June 30, 2024 amounted to €32,248 thousand, increasing by 4.5% versus thesame period of the prior year, accounting for 13.2% of sales (10.7% in the first half of the prior year). The detail items
showing the largest percentage increase in relation to sales refer to personnel expense and amortisation/depreciation.
"Distribution expense" amounted to €45,100 thousand, down versus the comparison period (-9.1%). It increases as apercentage of sales from 17.2% to 18.4% as a result of lower personnel costs.
"Administrative and general expense" amounted to €25,797 thousand, decreasing by 6.7% versus first half 2023, while
the percentage of sales increased from 9.6% to 10.5%.
"Other operating expense”, amounting to € 1,793 thousand, increased versus the comparison period by 43.0%
regarding higher deductible non-income tax.

DATALOGIC GROUP

42

Consolidated Half-Year Financial Report at June 30, 2024

Costs by nature
The following table provides the details of total costs (cost of goods sold and total operating costs) by nature:
30.06.2024
Purchases
Personnel expense
Amortisation, depreciation and write-downs
Goods receipt and shipment expense
Travel and meetings expense
EDP expense
Consumables and R&D material
R&D technical consultancies
Legal, tax and other consulting
Marketing expense
Utilities
Building expense
Royalties
Directors' fees
Telephone expense
Expense for plant and machinery and other assets
Quality certification expense
Sundry service costs
Fees
Vehicle expense
Repairs and warranty provision accrualInstallations
Non-warranty repairs
Insurance
Audit feesEntertainment expense
Subcontracted work
Recruitment fees
Other
Total cost of goods sold and operating costs

101,261
88,152
17,736
9,958
4,213
3,825
2,880
2,400
2,221
1,829
1,443
1,436
1,231
1,141
897
819
779
772
711
678
670
526
519
481
430
362
303
269
2,209
250,151

30.06.2023
Restated
123,004
90,67918,335
10,600
6,199
3,602
3,760
2,665
1,963
2,159
1,842
1,322
1,165
785
890
950
708
808
1,094
645
627
608
497
618
426
520
378
541
1,407
278,794

Change(21,744)(2,527)(598)(642)(1,986)
223
(879)
(265)
258
(330)
(399)
114
66
356
7
(131)
71
(36)
(382)
33
43
(82)
22
(137)
4
(158)
(75)
(272)
803
(28,643)

Purchasing costs decreased by € 21,744 thousand (-17.7%) versus the comparison period, accounting for approximately
1.2 percentage points less of sales.
Personnel expense of €88,152 thousand (€90,679 thousand in first half 2023) decreased by €2,527 thousand (-2.8%),
with the percentage of sales increasing from 31.4% to 36.0%.
The detailed breakdown of personnel expense is as follows:

DATALOGIC GROUP

43

Consolidated Half-Year Financial Report at June 30, 2024

30.06.2024
Wages and salaries
Social security charges
Post-employment benefits
Retirement benefits and the like
Other personnel costs
Total

65,654
14,916
1,187
982
5,413
88,15230.06.2023
Restated
67,733
14,491
1,290
969
6,196
90,679Change(2,079)
425
(103)
13
(783)
(2,527)“Travel and meetings expense”, amounting to €4,213 thousand, decreased by €1,986 thousand versus the same periodof the prior year, bringing the percentage of sales to 1.7% versus 2.1% in the comparison period.

Note 18. Other revenue
At June 30, 2024, "Other revenue" amounted to €1,562 thousand, increasing by 48.9% versus €1,049 thousand in firsthalf 2023. Other revenue is broken down as follows:
30.06.2024
Grants to Research and Development expense
Miscellaneous income and revenue
Rents
Gains from disposal of fixed assets
Contingent assets
Other
Total

430
414
61
653
2
2
1,562

30.06.2023
Restated
372
484
60
113
20
1,049

Change
58
(70)
1
540
(18)
2
513

Note 19. Financials

Financial income/(expense)
Foreign exchange differences
Fair Value investments
Bank expense
Dividends
Other
Total net financials

30.06.2024(419)(1,930)151(757)
217,855
14,90230.06.2023 Restated(1,094)
(147)
7
(767)
168
3,801
1,968

Change675(1,783)
144
10
(166)
14,054
12,934

Financials ended with a positive €14,902 thousand, an improvement of €12,934 thousand versus €1,968 thousand
recorded in the same period of the prior year, due mainly to the proceeds from the sale of the investment in Informatics
Holdings, Inc., net of expense from the sale.

DATALOGIC GROUP

44

Consolidated Half-Year Financial Report at June 30, 2024

Note 20. Tax
The Group's tax burden at June 30, 2024 is €439 thousand as shown below.

Pre-tax profit/(loss)
Tax income (expense) - for current tax
Tax income (expense) - for deferred and prepaid tax
Total Tax
Tax rate

30.06.2024

30.06.2023
Restated

Change10,943(1,212)
1,651
439
4.0%

13,169
377
1,747
2,124
16.1%

(2,226)(1,589)(96)(1,685)
12.1%

The tax rate at June 30, 2024 reflects the distribution of profit for the period among the various geographical areas inwhich the Group operates.

Note 21. Profit (Loss) from discontinued operations
As explained earlier, in first quarter 2024, the Group sold its investment in Informatics Holdings Inc.; therefore, in thisHalf-Year Financial Report, the income situation of Informatics Holdings Inc. up to the date of sale has been classified in
the result of discontinued operations.
The business of Informatics Holdings Inc., which specialises in the marketing and distribution of products and solutions
for the management of inventory and mobile assets tailored to small and medium-sized companies, was an operating
segment until the date of the sale.
The following summarises the income results of Informatics Holdings Inc. for the period 2024 through the date of saleversus those in first half 2023:
06.03.2024

30.06.2023

Revenue

2,944

8,249

Cost of goods sold(766)

(2,581)Gross Operating Margin

2,178

5,668

Research and development expense
Distribution expense
Administrative and General expense(479)(1,101)(1,849)(1,010)(2,448)(870)

Other (expense) income

236

(29)

Total operating costs(3,193)(4,357)EBIT(1,015)

1,311

33

3

Pre-tax profit/(loss)

(982)

1,314

Income tax

(257)

(361)

Profit/(Loss)(1,239)953(Euro/000)

Financials

The base value of the transaction was approximately 34 million USD.
In accordance with the provisions of paragraph 33 of IFRS 5 "Non-current Assets Held for Sale and Discontinued
Operations”, net cash flows attributable to the operating, investing, and financing activities of discontinued operations

DATALOGIC GROUP

45

Consolidated Half-Year Financial Report at June 30, 2024

may be presented alternately in the reporting formats or in the notes to the financial statements. The Group has chosen
the option of presenting total cash flows in the Consolidated Statement of Cash Flows.
Additional information on cash flows from assets held for sale is shown below:
STATEMENT OF CASH FLOWSCash flow from operations

30.06.2024

30.06.2023

301

181

Cash flow from investing activities

5,971

(317)

Cash flow from financing activities(13,776)

(141)

Total

(7,504)(278)

In 2024, cash receipts from investing activities were due primarily to the sale of the property formerly used by thecompany at Datalogic USA Inc.

Note 22. Earnings/loss per share
As required by IAS 33, information on data used to calculate the net earning/loss per share and from continuing
operations is provided below. Basic EPS is calculated by dividing the result for the period, profit and/or loss, attributable
to Shareholders of the Parent Company by the weighted average number of shares outstanding during the reporting
period. For the purpose of calculating diluted EPS, the weighted average number of shares outstanding is adjusted byassuming the conversion of all potential shares with dilutive effects (such as the share-based incentive plan), while theGroup's net result is adjusted for the after-tax effects of conversion.
Earnings/loss per share from continuing operations

Profit/(Loss) for the period from continuing operations
attributable to the shareholders of the parent
Average number of shares (thousands)
Basic earnings/(loss) per share from continuing operations
Profit/(Loss) for the period from continuing operations
attributable to the shareholders of the parent
Average number of shares (thousands) - Diluted effectDiluted earnings/(loss) per share from continuing operations

30.06.2024

30.06.2023
Restated

10,113

11,03553,6460.19

56,6830.19

10,113

11,03553,6460.19

57,0190.19

Earnings/loss per share
30.06.2024
Profit/(Loss) for the period attributable to the shareholders of the parent
Average number of shares (thousands)
Basic earnings/(loss) per share
Profit/(Loss) for the period attributable to the shareholders of the parent
Average number of shares (thousands) - Diluted effectDiluted earnings/(loss) per share

DATALOGIC GROUP

8,874
53,6460.17
8,874
53,6460.17

30.06.2023
Restated
12,111
56,6830.21
12,11157,0190.21

46

Consolidated Half-Year Financial Report at June 30, 2024

TRANSACTIONS WITH SUBSIDIARIES THAT ARE NOT CONSOLIDATED LINE BY LINE, ASSOCIATES
AND RELATED PARTIESFor the definition of "Related Parties”, reference is made not only to IAS 24, approved by EC Regulation no. 1725/2003,
but also to the Procedure for Related-Party Transactions approved by the Board of Directors on November 4, 2010 (lastamended on June 23, 2021) available on the Company website www.datalogic.com. The parent company of the
Datalogic Group is Hydra S.p.A..
Intercompany transactions are carried out as part of the ordinary operations and at normal market conditions.
Additionally, there are related-party transactions carried out again in the ordinary course of business and at normal
market conditions, of an immaterial amount pursuant to and in accordance with the "RPT Procedure”, attributable
mainly to Hydra S.p.A. or to entities subject (with Datalogic S.p.A.) to common control or to persons exercisingadministrative and management functions at Datalogic S.p.A. (including entities controlled by them and close family
members).
Related-party transactions refer mainly to commercial and property transactions (instrumental and non-instrumental
premises for the Group leased or rented out), consulting services, and participation in tax consolidation. None of themare of particular economic or strategic importance to the Group, since receivables, payables, revenue, and expense from
related parties do not have a material percentage impact on the total amounts of the financial statements.
Pursuant to Article 5, paragraph 8, of the CONSOB Regulations, it should be noted that, over the period 01.01.2024 –30.06.2024, the Company's Board of Directors did not approve any transaction of greater significance, as set out by
Article 3, paragraph 1, letter b) of the CONSOB Regulations, or any related-party transactions of a lesser significancethat had a significant impact on the Group’s equity position or results.
ParentCompany
Investments
Trade receivables - other receivables accrued
income and deferred expense
Trade payables - other payables accrued
expense and deferred income
Commercial and service costs
Trade revenue
Other revenue

DATALOGIC GROUP

Company controlled
by Chairman of
B.o.D.

Companies not
30.06.202
consolidated on a4line-by-line basis

-

12

670
1,477

670
1,489

-

337

197

534

-

636
2

126
3,759
3

762
3,759
5

47

Consolidated Half-Year Financial Report at June 30, 2024

HEADCOUNT

Datalogic
Informatics
Total

30.06.2024

30.06.2023

2,735
2,735

2,955
69
3,024

Change
(220)
(69)
(289)

The Chairman of the Board of Directors(Romano Volta)

DATALOGIC GROUP

48

Consolidated Half-Year Financial Report at June 30, 2024

Annexes
DATALOGIC GROUP

49

Consolidated Half-Year Financial Report at June 30, 2024

ANNEXESANNEX 1
Certification of the Consolidated Half-Year Financial Report pursuant to Article 81-ter of CONSOB Regulation
no. 11971 of May 14, 1999 as subsequently amended and supplemented
1.

The undersigned Valentina Volta, as CEO, and Alessandro D'Aniello, as Manager responsible for the preparationof the financial reports of Datalogic S.p.A., certify, also taking account of the provisions of Article 154-bis,paragraphs 3 and 4, of Legislative Decree no. 58 of February 24, 1998:-

the adequacy of the characteristics of the Company andthe effective application of the administration and accounting procedures for the preparation of theConsolidated Half-Year Financial Report in the first half of 2024.

2.

The assessment of the adequacy of the administrative and accounting procedures for the preparation of theConsolidated Half-Year Financial Report at June 30, 2024 was based on a specific process defined by Datalogic
S.p.A. consistent with the Internal Control – Integrated Framework model issued by the Committee ofSponsoring Organizations of the Treadway Commission, which groups together a set of general principles ofreference generally accepted at the international level.

3.

Moreover, the following is certified:
3.1 The Consolidated Half-Year Financial Report:a) was prepared in accordance with the International Financial Reporting Standards endorsed by theEuropean Union pursuant to EC Regulation no. 1606/2002 of the European Parliament and Councilof July 19, 2002;b) corresponds to the books and accounting records;c) provides a true and fair view of the financial position, the results of operations and the cash flowsof the Issuer and of the companies included in the consolidation scope.
3.2 The Consolidated Half-Year Financial Report contains a reliable analysis of all the significant events thattook place in the first half of the year and their relevant effect, together with a description of the mainrisks and uncertainties for the second half of the year. The Consolidated Half-Year Financial Report also
includes a reliable analysis of the significant transactions with related parties.

Lippo di Calderara di Reno, August 2, 2024

The Chief Executive Officer
Valentina Volta

The Manager responsible for the
preparation of the Company’s
financial reports
Alessandro D'AnielloDATALOGIC GROUP

50

Consolidated Half-Year Financial Report at June 30, 2024

ANNEXESANNEX 2CONSOLIDATION SCOPE
The Consolidated Half-Year Financial Report includes the interim statements of the Parent Company and of thecompanies in which it directly and/or indirectly has control or significant influence. The statements of the subsidiaries
were duly adjusted, where necessary, to make them consistent with the Parent Company's Accounting Standards. The
companies included in the consolidation scope at June 30, 2024, consolidated on a line-by-line basis, are shown
hereunder:
Share capitalCompany nameDatalogic S.p.A.
Datalogic Real Estate France Sas
Datalogic Real Estate UK Ltd.

Registered office
Bologna – Italy
Courtabeuf Cedex –FranceRedbourn - United
Kingdom of GreatBritain

Total equity(Euro/thousands)

Profit (loss) forthe period(Euro/thousands)%
Ownership€

30,392,175

368,276

34,198€2,227,500

4,227

160

100%

GBP

3,500,000

5,004

140

100%

Datalogic IP Tech S.r.l.

Bologna – Italy€

100,000

37,162(10,299)

100%

Datalogic (Shenzhen) Industrial
Automation Co. Ltd.

Shenzhen - China

CNY2,136,696

6,336

(8)

100%

Datalogic Hungary Kft

Balatonboglar Hungary

HUF

3,000,000(1,186)(3,010)100%

Datalogic S.r.l.

Bologna – Italy€

10,000,000

122,476(4,033)100%

Datalogic Slovakia S.r.o.

Trnava - Slovakia€

66,388

5,766

(786)

100%

Datalogic USA Inc.

Eugene OR - Usa

USD

100

272,838

3,416

100%

Datalogic do Brazil Ltda.

Sao Paulo - Brazil

BRL

20,257,000

724

(104)

100%

Datalogic Technologia de Mexico S. de
R. L. de C.V.
Datalogic Scanning Eastern EuropeGmbH

Colonia Cuauhtemoc- Mexico

MXN

0

(491)

(50)

100%

Langen - Germany€

25,000

3,448

(142)

100%

Datalogic Australia Pty Ltd.

Mount Waverley(Melbourne) Australia

AUD

3,188,120

1,616

65

100%

Datalogic Vietnam LLC

Vietnam

USD

3,000,000

32,412

1,587

100%

Datalogic Singapore Asia Pacific Pte Ltd.

Singapore

SGD

3

4,212

(19)

100%

Datasensing S.r.l.

Modena - Italy€

2,500,000

16,123(2,085)100%

Datasensing Electronic Components(Tianjin) Ltd.

Tianjin - China

CNY

13,049,982

1,465

89

100%

Datasensing Ibérica, S.A.U.

Barcelona - Spain€

120,000

1,590

81

100%

Datalogic Japan Co., Ltd.

Tokyo - Japan

JPY

9,913,000

227

91

100%

Suzhou Mobydata Smart System Co.
Ltd.

Suzhou, JiangSu China

CNY

161,224

6,754

799

51%

DATALOGIC GROUP

51

Consolidated Half-Year Financial Report at June 30, 2024

Companies consolidated by the equity method at June 30, 2024 are as follows:

Company nameRegistered office

Share capital

Total equity(Euro/thousands)

Profit (loss) for%the period
Ownership(Euro/thousands)

Datasensor Gmbh (*)

Otterfing - Germany€

150,0000

230%

CAEN RFID S.r.l. (***)

Viareggio LU - Italy€

310,000

960

19

20%

R4I S.r.l. (***)

Benevento - Italy€

131,250

254

15

20%

DL Industrial Automation AB (**)

Malmö, Sweden

SEK

100,000

1,980

692

20%

(*) figures at December 31, 2021(**) figures at June 30, 2023(***) figures at December 31, 2023

DATALOGIC GROUP

52

Consolidated Half-Year Financial Report at June 30, 2024

ANNEXESANNEX 3
RECONCILIATION OF ALTERNATIVE PERFORMANCE MEASURES (NON-GAAP MEASURES)
Below is a reconciliation of EBIT and Adjusted EBIT at June 30, 2024 versus June 30, 2023.
30.06.2024
61

0.02%

30.06.2023
Restated
15,525Special Items - Other Expense and (Income)

1,678

0.69%

1,947

0.67%

Special Items - D&A from acquisitions

2,342

0.96%

2,377

0.82%

Total
EBIT

4,020
(3,959)1.64%-1.62%

4,324
11,201

1.50%
3.88%

Adjusted EBIT

5.37%

Below is a reconciliation of EBITDA and Adjusted EBITDA at June 30, 2024 versus June 30, 2023.
30.06.2024

30.06.2023
Restated

Adjusted EBITDA

15,4566.32%

31,48310.90%

Cost of goods sold

80

0.03%

103

0.04%

Research and Development expense

276

0.11%

65

0.02%

Distribution expense

451

0.18%

381

0.13%

Administrative and General expense

871

0.36%

1,398

0.48%

-

0.00%

-

0.00%

1,678
13,778

0.69%
5.63%

1,947
29,5360.67%
10.22%

Other (expense) income
Total
EBITDADATALOGIC GROUP

53

Consolidated Half-Year Financial Report at June 30, 2024

ANNEXESANNEX 4RESTATEMENT 2023
Comparative results at June 30, 2024, have been restated following reclassifications of certain items to ensure fullcomparability of 2023 results with 2024 results.

Restatement of Income Statement(Euro/000)

30.06.2023 Restatement

1) Revenue
Revenue from sale of products
Revenue from services2) Cost of goods sold
Gross Operating Margin (1-2)
3) Other revenue
4) Research and development expense
5) Distribution expense
6) Administrative and general expense
7) Other operating expense
Total operating costs
EBIT8) Financial income
9) Financial expense
Financials (8-9)
Profit/(Loss) before tax from continuing operations
Income tax
Profit/(Loss) for the period from continuing operations
Net Profit/(Loss) from discontinued operations
Net Profit/(Loss) for the period
Basic earnings/(loss) per share (€)
Diluted earnings/(loss) per share (€)

289,942
271,469
18,473
169,420
120,522
1,049
30,86350,60927,644
1,254
110,370
11,201
16,594
14,626
1,968
13,1692,124
11,045
1,076
12,1210.21
0.21

Attributable to:Shareholders of the Parent
Non-controlling interests

12,11110

DATALOGIC GROUP

(996)
(996)

(996)

(996)

(996)
-

-

30.06.23
Restated
288,946
270,473
18,473
169,420
119,526
1,049
30,86349,61327,644
1,254
109,374
11,201
16,594
14,626
1,968
13,1692,124
11,045
1,076
12,1210.21
0.21

12,1111054

Consolidated Half-Year Financial Report at June 30, 2024

DATALOGIC GROUP

55