RECORD QUARTER EBIT… …ON THE WAY TO ANOTHER GREAT YEAR
Ferrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary results for the second quarter and six months ended June 30, 2018, summarized as follows:
- Total shipments of 2,463 units, up 131 units (+5.6%)
- Net revenues at Euro 906 million, decreased a few million, but up 1.4% at constant currencies
- Adj. EBITDA of Euro 290 million, up 7.0%, with margin at 31.9%
- Adj. EBIT of Euro 217 million, up 7.5%, with 200 bps margin increase to 23.9%
- Net profit of Euro 160 million, up 18.1%
- Net industrial debt at Euro 472 million (Euro 442 million excluding share buyback)
- 2018 Outlook confirmed
The Management will outline the plans and initiatives in place to achieve the 2022 Mid-Term targets previously announced by the Company at its Capital Markets Day in Maranello on September 17 and 18, 2018.
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