FERRARI 2016: A YEAR OF RECORDS, ON THE WAY TO ITS 70TH ANNIVERSARY IN 2017
02 February 2017 - 10:26PM
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
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