Ferrari 2015 Full Year and Q4 Preliminary Results as Reported by FCA

Publication date: 
27 Jan 2016

Maranello (Italy), January 27, 2016 - Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari”) announced today that the Q4 and Full year 2015 earnings announcement published today by Fiat Chrysler Automobiles N.V. (NYSE:FCAU / MTA:FCA) (“FCA”), included certain information regarding the results of Ferrari, part of the FCA group until the end of 2015. Ferrari will separately report its Q4 and full year 2015 financial results prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board and IFRS as endorsed by the European Union, after those results have been approved by Ferrari’s Board of Directors at a meeting which is scheduled for February 2, 2016. The financial information regarding Ferrari reported by FCA and set forth below, is not necessarily consistent with the financial information that will be reported by Ferrari as the FCA reported financial information reflect internal allocations and eliminations between the FCA Group and the Ferrari Group that will not be applied by Ferrari in presenting its stand-alone consolidated financial information, as well as a different definition of Net Debt from which Net Industrial Debt (not a financial metric reported by Ferrari) is determined.

Ferrari Financial Information as reported by FCA:

For the three months ended December 31,   (€ in million)For the twelve months ended December  31,
20152014Variance 20152014Variance
685 664 21 Net revenues 2,596 2,450 146
109 115 -6 Adjusted EBIT* 473 404 69
55 84 -29 Net profit 284 273 11

*refer to specific note on Non-GAAP financial measures

(€ in million)Dec. 31, 2015
Net Industrial Debt* (963)

*refer to specific note on Non-GAAP financial measures

On February 2, 2016, at 4.30 p.m. CET, Ferrari management will hold a conference call to present the Q4 and full year 2015 financial results to financial analysts and institutional investors. The call can be followed live and a recording will be available later on the Group website http://corporate.ferrari.com. The supporting document will be made available on the website prior to the call.