Ferrari: SUSTAIN DELIVERY OF 2018 TARGETS, ON THE WAY TO ANOTHER STRONG YEAR
Ferrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary results for the third quarter and nine months ended September 30, 2018, summarized as follows:
- Total shipments of 2,262 units, up +10.6%
- Net revenues at Euro 838 million, up +0.3% or +2.2% at constant currency
- Adj. EBITDA of Euro 278 million, up 4.7% or +11.9% at constant currency
- Adj. EPS of Euro 0.78 (+5.4%), excluding Patent Box benefit related to 2015-2017
- Solid industrial free cash flow generation of Euro 100 million (which excludes the positive impact from the Patent Box benefit for 2015-2017, which will be realized in Q4)
- Net industrial debt at Euro 372 million (Euro 342 million excluding share buyback, already in line with full year guidance)
A press release with more information is available on the Group website http://corporate.ferrari.com/en/investors.
On November 5, 2018, at 3.30 p.m. CET, management will hold a conference call to present the Q3 2018 to financial analysts and institutional investors. The call can be followed live and a recording will subsequently be available on the Group website http://corporate.ferrari.com/en/investors. The supporting document will be made available on the website prior to the call.
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