FERRARI: A RECORD THIRD QUARTER ON THE WAY TO 1 BILLION EURO ADJ. EBITDA

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Ferrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary results for the third quarter and nine months ended September 30, 2017, summarized as follows:

Total shipments of 2,046 units, up 68 units (+3.4%)
Net revenues grew to Euro 836 million, up 6.7% (+9.3% at constant currencies)
Adjusted EBITDA of Euro 266 million, margin at 31.8% (30.4% without FX hedges)
Adjusted EBIT of Euro 202 million, 220 bps margin increase to 24.2% (22.6% without FX hedges)
Adjusted net profit up 24% to Euro 141 million

Net industrial debtdown to Euro 485 million from December 31, 2016

2017_11_02 - Ferrari Q3 2017 Results Press Release_FINAL_clean

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Source: FERRARI via Globenewswire

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