FERRARI, A RECORD QUARTER: ON THE WAY TO A GREAT YEAR

Ferrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary results for the first quarter ended March 31, 2017, summarized as follows:

Total shipments at 2,003 units, up 121 units (+6.4%)
Net revenues grew at Euro 821 million, up 21.5% (+20.4% at constant currencies)
Adjusted EBITDA of Euro 242 million, margin now at 29.5% (30.1% without FX hedges)
Adjusted EBIT of Euro 177 million, 360 bps margin increase to 21.6% (22.3% without FX hedges)
Adjusted net profit up 60.1% to Euro 124 million
Net industrial debtreduced to Euro 578 million

2017_05_04 - Ferrari Q1 2017 Results Press Release FINAL_ENG clean

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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

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