RACE Ferrari NV

ON TRACK TO REACH THE TOP END OF THE FULL YEAR GUIDANCE ON ALL METRICS

ON TRACK TO REACH THE TOP END OF THE FULL YEAR GUIDANCE ON ALL METRICS

Ferrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary results for the third quarter and nine months ended September 30, 2020,summarized below:

  • Total shipments of 2,313 units, down by 161 units versus prior year, driven by production cadence
  • Net revenues of Euro 888 million, decreased by 3.0% with core business revenues up 2.6% driven by the deliveries of the Ferrari Monza SP1 and SP2
  • EBITDA of Euro 330 million, up 6.4% versus prior year, with an EBITDA margin of 37.2%, up 330 basis points due to favorable mix / price and cost containment measures
  • EBIT of Euro 222 million essentially in line with prior year, with an EBIT margin of 25.0%
  • Positive Industrial free cash flow generation of Euro 77 million

2020 Guidance revised to the top end of the August 3rd guidance subject to trading conditions unaffected by further Covid-19 pandemic restrictions.

Attachment

EN
03/11/2020

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