FERRARI PORTOFINO DRIVES SOLID Q1 2019 RESULTS.
07 Mayo 2019 - 5:17AM
FIRING ON ALL CYLINDERS WITH THE FERRARI F8 TRIBUTO,
FIRST OF 5 MODELS TO BE UNVEILED IN
2019.
Ferrari N.V. (NYSE/MTA: RACE) today announces
its consolidated preliminary results for the first quarter
ended March 31, 2019, summarized below:
- Total shipments of 2,610 units, up +22.7%
- Net revenues of Euro 940 million, up +13.1% or +11.1% at
constant currency
- Adj. EBITDA of Euro 311 million, up 14.1% and reaching an
EBITDA margin of 33.1% consistent with 2019 guidance
- Adj. diluted EPS of Euro 0.95 (+21.8%)
- Industrial free cash flow generation of Euro 282 million,
including the positive cash impact from advances on the Ferrari
Monza SP1 and SP2
The Group confirmed the following performance
targets for 2019:
- Net revenues: > Euro 3.5 billion, over 3% growth versus
2018
- Adj. EBITDA: Euro 1.2-1.25 billion, approx. 10% growth versus
2018
- Adj. EBIT: Euro 0.85-0.9 billion, approx. 6% growth versus
2018
- Adj. diluted EPS: Euro 3.50-3.70 per share, approx. 6% growth
versus 2018
- Industrial free cash flow: ~ Euro 0.45 billion, over 10% growth
versus 2018
- 2019_05_07 - Ferrari Q1 2019 Results Press Release
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