Ferrari: Solid q3 2019 on All Metrics. ROBUST PERFORMANCE LEADS TO UPGRADING 2019 GUIDANCE.

Date : 11/04/2019 @ 11:30AM
Source : GlobeNewswire Inc.
Stock : Ferrari NV (RACE)
Quote : 134.83  -7.02 (-4.95%) @ 1:00AM
Ferrari NV share price Chart
After Hours
Last Trade
Last $ 134.83 ◊ 0.00 (0.00%)

Ferrari: Solid q3 2019 on All Metrics. ROBUST PERFORMANCE LEADS TO UPGRADING 2019 GUIDANCE.

Ferrari NV (NYSE:RACE)
Historical Stock Chart

6 Months : From Oct 2019 to Apr 2020

Click Here for more Ferrari NV Charts.

Ferrari N.V. (NYSE/MTA: RACE)  today announces its consolidated preliminary results(5) for the third quarter and nine months ended September 30, 2019, summarized as follows. 

  • Total shipments of 2,474 units, up +9.4%
  • Net revenues of Euro 915 million, up +9.2% or +7.1% at constant currency
  • Adj. EBITDA of Euro 311 million, up +11.5% with an EBITDA margin of 33.9%
  • Adj. diluted EPS of Euro 0.90 (+16.9%)
  • Industrial free cash flow generation of Euro 138 million

The Guidance 2019 is upgraded as follows:

  • Net revenues: ~Euro 3.7 billion (from > Euro 3.5 billion)
  • Adj. EBITDA: ~Euro 1.27 billion (from Euro 1.2-1.25 billion)
  • Adj. EBIT: ~Euro 0.92 billion (from Euro 0.85-0.9 billion)
  • Adj. diluted EPS: Euro 3.70-3.75(3) per share (from Euro 3.50-3.70 per share)
  • Industrial free cash flow: > Euro 0.6 billion (from > Euro 0.55 billion)

On November 4, 2019, at 3.00 p.m. CET, management will hold a conference call to present the Q3 2019 results to financial analysts and institutional investors. The call can be followed live and a recording will subsequently be available on the Group website The supporting document will be made available on the website prior to the call.


  • 2019_11_04 - Ferrari Q3 2019 Results Press Release

Latest RACE Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200406 06:55:35