 | Ferrari N.V. (NYSE/MTA: RACE) is an Italian sports car manufacturer based in Maranello. Founded by Enzo Ferrari in 1939 out of Alfa Romeo's race division as Auto Avio Costruzioni, the company built its first car in 1940. |  |
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- Total shipments of 2,332 units, up 118 units (+5.3%)
- Net revenues grew to Euro 920 million, up 13.5% (+12.8% at constant currencies)
- Adjusted EBITDA(1) of Euro 270 million, margin now at 29.4% (29.0% without FX hedges(2))
- Adjusted EBIT(1) of Euro 202 million, 260 bps margin increase to 21.9% (21.5% without FX hedges(2))
- Adjusted net profit(1) up 30% to Euro 136 million
- Net industrial debt(1) down to Euro 627 million from December 31, 2016
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