Ferrari NV: H1 2019 RESULTS CONFIRM 2019 GUIDANCE WITH IMPROVED CASH FLOW.
02 Agosto 2019 - 11:46AM
H1 2019 RESULTS CONFIRM 2019 GUIDANCE WITH
IMPROVED CASH FLOW.UNVEILING OF FIRST HYBRID
SERIES-PRODUCTION SUPERCAR, SF90 STRADALE
- Total shipments of 2,671 units, up +8.4%
- Net revenues of Euro 984 million, up +8.6% or +6.8% at
constant currency([1])
- Adj. EBITDA([2]) of Euro 314 million, up +8.7% with an
EBITDA margin of 32.0%
- Adj. diluted EPS(2) of Euro 0.96
(+13.9%)
- Industrial free cash flow(2) generation
of Euro 139 million, reflecting also the positive cash impact from
advances on the Ferrari Monza SP1 and SP2 as well as Patent Box
benefit
For the three months ended |
(In Euro million, unless otherwise stated) |
For the six months ended |
June 30, |
June 30, |
2019 |
2018 |
Change |
|
2019 |
2018 |
Change |
2,671 |
2,463 |
208 |
8% |
Shipments (in units) |
5,281 |
4,591 |
690 |
15% |
984 |
906 |
78 |
9% |
Net revenues |
1,924 |
1,737 |
187 |
11% |
314 |
291 |
23 |
8% |
EBITDA(2) |
625 |
563 |
62 |
11% |
314 |
290 |
24 |
9% |
Adjusted EBITDA(2) |
625 |
562 |
63 |
11% |
32.0% |
31.9% |
+10 bps |
Adjusted EBITDA margin(2) |
32.5% |
32.3% |
+20 bps |
239 |
218 |
21 |
9% |
EBIT |
471 |
428 |
43 |
10% |
239 |
217 |
22 |
10% |
Adjusted EBIT(2) |
471 |
427 |
44 |
10% |
24.3% |
23.9% |
+40 bps |
Adjusted EBIT margin(2) |
24.5% |
24.6% |
(10 bps) |
184 |
160 |
24 |
14% |
Net profit |
364 |
309 |
55 |
18% |
184 |
159 |
25 |
15% |
Adjusted net profit(2) |
364 |
308 |
56 |
18% |
0.97 |
0.85 |
0.12 |
14% |
Basic earnings per share (in Euro) |
1.92 |
1.63 |
0.29 |
18% |
0.96 |
0.85 |
0.11 |
13% |
Diluted earnings per share (in Euro) |
1.91 |
1.62 |
0.29 |
18% |
0.97 |
0.84 |
0.13 |
15% |
Adjusted basic earnings per share (in Euro)(2) |
1.92 |
1.63 |
0.29 |
18% |
0.96 |
0.84 |
0.12 |
14% |
Adjusted diluted earnings per share (in Euro)(2) |
1.91 |
1.62 |
0.29 |
18% |
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Confirming Guidance approaching the high end of
the range on all metrics at currently prevailing exchange rates.
Increasing industrial free cash flow target: |
- Net revenues: > Euro 3.5 billion
- Adj. EBITDA: Euro 1.2-1.25 billion
- Adj. EBIT: Euro 0.85-0.9 billion
- Adj. diluted EPS ([3]): Euro 3.50-3.70 per share
- Industrial free cash flow: > Euro 0.55 billion (from ~ Euro
0.45 billion)
|
1 The constant currency presentation eliminates the effects of
changes in foreign currency (transaction and translation) and of
foreign currency hedges
2 Refer to specific note on non-GAAP financial measures
3 Calculated using the weighted average diluted number of shares
for 2018
More information in the press release attached.
- 2019_08_02 - Ferrari Risultati Q2 2019 Comunicato Stampa
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