[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Hayır (No)
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Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
07.11.2024, 21.11.2024
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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As disclosed by our company on 07.11.2024 and 21.11.2024, discussions are ongoing with relevant authorities, national and regional trade unions, and employee representatives at the Ministry of Enterprises and Made in Italy (Ministero delle Imprese e del Made in Italy), with the aim of evaluating the long-term sustainable transformation plan for our Italy operations.

During the meetings held on 30.01.2025, it was emphasized that our goal to position Italy as a strategic hub in the fields of industrial design and cooking appliances continues, and that the strategic importance of production activities in Italy, particularly in the built-in cooking appliances and refrigeration categories, was highlighted. Furthermore, the estimated investment of 110 million Eur announced in our statement of 21.11.2024 has been revised and expanded in terms of both scope and duration, with approximately 300 million Eur now allocated, one-third of which will be used for research and development activities.

The final amount, which will depend on upcoming discussions, is considered as part of the operational expenses and investments for business continuity, including expenditures for the next five years, in line with our company's operational and strategic objectives.

Representatives from the Ministry and Trade Unions have shared requests and views aimed at ensuring production continuity and maintaining local employment, and discussions will continue. Any significant developments regarding this matter will be communicated to the public.