Ferrari Released its Q3 2015 Performance Report

MANILA: Ferrari N.V. (NYSE: RACE) announced its consolidated net revenues and preliminary results for the third quarter that ended on September 30, 2015.

Ferrari record Q3 2015 performance includes:

• Shipments were 1,949 units, increased by 21%
• Net revenues were up 9% (3% at constant currencies) to Euro 723 million
• EBIT reached Euro 141 million, increasing margin of 610bps
• Net profit declared as Euro 94 million, +62%
• Net cash amounted Euro 827 million as of September 30, 2015

The Ferrari Q3 has gained 1949 units in 2015, with up to 21% increase in sales with respect to 2014, with 1,612 units. The results reflected a 33% increase in the sales numbers of the V8 models including the 488 GTB, California T and 458 Speciale, finally overtaking 458 Italia and 458 Spider. However, the sales of the V12 models has considerably decreased by 17% in its 4th commercial year.

EMEA, America and Rest of APAC3 has reported a consistent increase in performance, with percentage increase of +16%, 30% and 63% respectively. There is 24% increase in sales of Greater China as compared to the 2014 Q3.

The 3-month free Cash Flow that ended by September 30, 2015 turned around Euro 74 million, carried forward by operating activities which included the one-time cash inflow via different sales properties.