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.
Attachment
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
