FERRARI 2016: A YEAR OF RECORDS, ON THE WAY TO ITS 70TH ANNIVERSARY IN 2017

Following is a summary of Ferrari press release on 2016 Full Year and Fourth Quarter results. A PDF of the complete press release is attached to this email. The document is also accessible in the Investors and Media sections of the Company's corporate website (http://corporate.ferrari.com):

Total shipments reached 8,014 units, up 350 units (+4.6%)
Net revenues grew 8.8% (+9.4% at constant currencies) to Euro 3,105 million
Adjusted EBITDA of Euro 880 million, margin now at 28.3% (30% without FX hedges)
Adjusted EBIT⁽¹⁾ of Euro 632 million, 380 bps margin increase to 20.4% (22.2% without FX hedges)
Adjusted net profit up 37.1% to Euro 425 million
Net industrial debtreduced to Euro 653 million
Cash distribution proposal of Euro 120 million or Euro 0.635 per common share

2017_02_02 - Ferrari FY 2016 Results Press Release

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FERRARI via Globenewswire

Ferrari NV (NYSE:RACE)
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