Ferrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary resultsfor the first quarter ended March 31, 2018, summarized below:
- Total shipments of 2,128 units, up 125 units (+6.2%)
- Net revenues at Euro 831 million, up 1.3% (+6.3% at constant currencies)
- EBITDAof Euro 272 million, margin at 32.8%
- EBIT of Euro 210 million, 370 bps margin increase to 25.3%
- Net profit up 19.4% to Euro 149 million
- Net industrial debtdown Euro 60 million to Euro 413 million (Euro 383 million excluding share buyback)
- Capital Market Day in the first half of September 2018
