FERRARI, A RECORD QUARTER: ON THE WAY TO A GREAT YEAR
04 May 2017 - 8:04PM
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
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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