<link:linkbase
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      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AltreAttivitàCorrentiInclusiGliStrumentiDerivati" xlink:to="ext_AltreAttivitàCorrentiInclusiGliStrumentiDerivati_lbl" xlink:type="arc"/>
      <link:label id="id_9587" xlink:label="ext_AltreAttivitàCorrentiInclusiGliStrumentiDerivati_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other current assets including derivative financial instruments</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_AltreComponentiContoEconomicoComplessivoDaOperazioniDiscontinueOCI" xlink:label="ext_AltreComponentiContoEconomicoComplessivoDaOperazioniDiscontinueOCI" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AltreComponentiContoEconomicoComplessivoDaOperazioniDiscontinueOCI" xlink:to="ext_AltreComponentiContoEconomicoComplessivoDaOperazioniDiscontinueOCI_lbl" xlink:type="arc"/>
      <link:label id="id_9589" xlink:label="ext_AltreComponentiContoEconomicoComplessivoDaOperazioniDiscontinueOCI_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other comprehensive income from discontinuing operations .</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_AltreComponentiContoEconomicoComplessivoDaOperazioniDiscontinuePN" xlink:label="ext_AltreComponentiContoEconomicoComplessivoDaOperazioniDiscontinuePN" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AltreComponentiContoEconomicoComplessivoDaOperazioniDiscontinuePN" xlink:to="ext_AltreComponentiContoEconomicoComplessivoDaOperazioniDiscontinuePN_lbl" xlink:type="arc"/>
      <link:label id="id_9591" xlink:label="ext_AltreComponentiContoEconomicoComplessivoDaOperazioniDiscontinuePN_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other comprehensive income from discontinuing operations (equity)</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_AltreComponentiDiContoEconomicoComplessivoDaAttivitàInFunzionamento" xlink:label="ext_AltreComponentiDiContoEconomicoComplessivoDaAttivitàInFunzionamento" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AltreComponentiDiContoEconomicoComplessivoDaAttivitàInFunzionamento" xlink:to="ext_AltreComponentiDiContoEconomicoComplessivoDaAttivitàInFunzionamento_lbl" xlink:type="arc"/>
      <link:label id="id_9593" xlink:label="ext_AltreComponentiDiContoEconomicoComplessivoDaAttivitàInFunzionamento_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other comprehensive income from continuing operations</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_AltriCreditiDebitiRateiRisconti" xlink:label="ext_AltriCreditiDebitiRateiRisconti" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AltriCreditiDebitiRateiRisconti" xlink:to="ext_AltriCreditiDebitiRateiRisconti_lbl" xlink:type="arc"/>
      <link:label id="id_9595" xlink:label="ext_AltriCreditiDebitiRateiRisconti_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for decrease (increase) in working capital</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_AttivitàPossedutePerLaVendita" xlink:label="ext_AttivitàPossedutePerLaVendita" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AttivitàPossedutePerLaVendita" xlink:to="ext_AttivitàPossedutePerLaVendita_lbl" xlink:type="arc"/>
      <link:label id="id_9597" xlink:label="ext_AttivitàPossedutePerLaVendita_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Assets classified as held for sales</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_CreditiVersoDipendentiNonCorrenti" xlink:label="ext_CreditiVersoDipendentiNonCorrenti" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_CreditiVersoDipendentiNonCorrenti" xlink:to="ext_CreditiVersoDipendentiNonCorrenti_lbl" xlink:type="arc"/>
      <link:label id="id_9599" xlink:label="ext_CreditiVersoDipendentiNonCorrenti_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Non-current receivables due from employees</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_DifferenzeCambioEDerivatiNetti" xlink:label="ext_DifferenzeCambioEDerivatiNetti" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_DifferenzeCambioEDerivatiNetti" xlink:to="ext_DifferenzeCambioEDerivatiNetti_lbl" xlink:type="arc"/>
      <link:label id="id_9601" xlink:label="ext_DifferenzeCambioEDerivatiNetti_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Exchange rate differences and net gains (losses) on derivatives</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_EffectOfExchangeRateChangesOnCashAnCashEquivalentsFromDiscontinuingOperations" xlink:label="ext_EffectOfExchangeRateChangesOnCashAnCashEquivalentsFromDiscontinuingOperations" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_EffectOfExchangeRateChangesOnCashAnCashEquivalentsFromDiscontinuingOperations" xlink:to="ext_EffectOfExchangeRateChangesOnCashAnCashEquivalentsFromDiscontinuingOperations_lbl" xlink:type="arc"/>
      <link:label id="id_9603" xlink:label="ext_EffectOfExchangeRateChangesOnCashAnCashEquivalentsFromDiscontinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Effect of exchange rate changes on cash an cash equivalents from discontinuing operations</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_FlussoDaAttivitàDiInvestimentoDelleAttivitàPossedutePerLaVendita" xlink:label="ext_FlussoDaAttivitàDiInvestimentoDelleAttivitàPossedutePerLaVendita" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_FlussoDaAttivitàDiInvestimentoDelleAttivitàPossedutePerLaVendita" xlink:to="ext_FlussoDaAttivitàDiInvestimentoDelleAttivitàPossedutePerLaVendita_lbl" xlink:type="arc"/>
      <link:label id="id_9605" xlink:label="ext_FlussoDaAttivitàDiInvestimentoDelleAttivitàPossedutePerLaVendita_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other cash flows from investing activities from discontinuing operations</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_FlussoDellattivitàOperativaDelleAttivitàOggettoDiCessione" xlink:label="ext_FlussoDellattivitàOperativaDelleAttivitàOggettoDiCessione" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_FlussoDellattivitàOperativaDelleAttivitàOggettoDiCessione" xlink:to="ext_FlussoDellattivitàOperativaDelleAttivitàOggettoDiCessione_lbl" xlink:type="arc"/>
      <link:label id="id_9607" xlink:label="ext_FlussoDellattivitàOperativaDelleAttivitàOggettoDiCessione_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other cash flows from discontinuing operations</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_MargineOperativoLordoMOL" xlink:label="ext_MargineOperativoLordoMOL" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_MargineOperativoLordoMOL" xlink:to="ext_MargineOperativoLordoMOL_lbl" xlink:type="arc"/>
      <link:label id="id_9609" xlink:label="ext_MargineOperativoLordoMOL_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gross operating profit (Ebitda)</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_PartecipazioniObbligazioniECreditiFinanziariCorrenti" xlink:label="ext_PartecipazioniObbligazioniECreditiFinanziariCorrenti" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PartecipazioniObbligazioniECreditiFinanziariCorrenti" xlink:to="ext_PartecipazioniObbligazioniECreditiFinanziariCorrenti_lbl" xlink:type="arc"/>
      <link:label id="id_9611" xlink:label="ext_PartecipazioniObbligazioniECreditiFinanziariCorrenti_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Equity investments, bonds and current financial receivables</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_RiservaDiConversioneDelleGestioniEstere" xlink:label="ext_RiservaDiConversioneDelleGestioniEstere" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RiservaDiConversioneDelleGestioniEstere" xlink:to="ext_RiservaDiConversioneDelleGestioniEstere_lbl" xlink:type="arc"/>
      <link:label id="id_9613" xlink:label="ext_RiservaDiConversioneDelleGestioniEstere_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Effect of exchange rate changes on cash an cash equivalents from continuing operations</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_RisevaDiConversioneDelleGestioniEsterePartecipazioniAdQuity" xlink:label="ext_RisevaDiConversioneDelleGestioniEsterePartecipazioniAdQuity" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RisevaDiConversioneDelleGestioniEsterePartecipazioniAdQuity" xlink:to="ext_RisevaDiConversioneDelleGestioniEsterePartecipazioniAdQuity_lbl" xlink:type="arc"/>
      <link:label id="id_9615" xlink:label="ext_RisevaDiConversioneDelleGestioniEsterePartecipazioniAdQuity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other comprehensive income, net of tax, exchange differences on translation equity - accounted investees</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_RisultatoAnteImposte" xlink:label="ext_RisultatoAnteImposte" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RisultatoAnteImposte" xlink:to="ext_RisultatoAnteImposte_lbl" xlink:type="arc"/>
      <link:label id="id_9617" xlink:label="ext_RisultatoAnteImposte_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Profit before tax.</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_RivalutazioneDellaPassivitàAttivitàNettaPerBeneficiDeiDipendentiPartecipazioniInSocietàContabilizzateConIlMetodoDelPatrimonioNetto" xlink:label="ext_RivalutazioneDellaPassivitàAttivitàNettaPerBeneficiDeiDipendentiPartecipazioniInSocietàContabilizzateConIlMetodoDelPatrimonioNetto" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RivalutazioneDellaPassivitàAttivitàNettaPerBeneficiDeiDipendentiPartecipazioniInSocietàContabilizzateConIlMetodoDelPatrimonioNetto" xlink:to="ext_RivalutazioneDellaPassivitàAttivitàNettaPerBeneficiDeiDipendentiPartecipazioniInSocietàContabilizzateConIlMetodoDelPatrimonioNetto_lbl" xlink:type="arc"/>
      <link:label id="id_9619" xlink:label="ext_RivalutazioneDellaPassivitàAttivitàNettaPerBeneficiDeiDipendentiPartecipazioniInSocietàContabilizzateConIlMetodoDelPatrimonioNetto_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other  comprehensive income, net of tax, on remeasurement of defined benefit plans - investments in equity - accounted investees.</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_VariazioniDiAttivitàFinanziarie" xlink:label="ext_VariazioniDiAttivitàFinanziarie" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_VariazioniDiAttivitàFinanziarie" xlink:to="ext_VariazioniDiAttivitàFinanziarie_lbl" xlink:type="arc"/>
      <link:label id="id_9621" xlink:label="ext_VariazioniDiAttivitàFinanziarie_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Change in financial assets </link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_VariazioniDiFairValueDiDerivatiDiCoperturaDeiFlussiFinanziariPartecipazioniAdEquity" xlink:label="ext_VariazioniDiFairValueDiDerivatiDiCoperturaDeiFlussiFinanziariPartecipazioniAdEquity" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_VariazioniDiFairValueDiDerivatiDiCoperturaDeiFlussiFinanziariPartecipazioniAdEquity" xlink:to="ext_VariazioniDiFairValueDiDerivatiDiCoperturaDeiFlussiFinanziariPartecipazioniAdEquity_lbl" xlink:type="arc"/>
      <link:label id="id_9623" xlink:label="ext_VariazioniDiFairValueDiDerivatiDiCoperturaDeiFlussiFinanziariPartecipazioniAdEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other comprehensive income, net of tax, cash flow hedges - investments in equity - accounted investees</link:label>

      <link:loc xlink:href="815600E546497667D288-2021-12-31.xsd#ext_VariazioniPartecipazioniCorrenti" xlink:label="ext_VariazioniPartecipazioniCorrenti" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_VariazioniPartecipazioniCorrenti" xlink:to="ext_VariazioniPartecipazioniCorrenti_lbl" xlink:type="arc"/>
      <link:label id="id_9625" xlink:label="ext_VariazioniPartecipazioniCorrenti_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Change in current equity investments</link:label>

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