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

MARANELLO, ITALY -- January 27, 2016:

Ferrari N.V. ("Ferrari") announced today that the Q4 and full year earnings announcement published today by Fiat Chrysler Automobiles N.V. ("FCA"), included certain information regarding the results of Ferrari, which remained part of the FCA group at 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 which was reported by FCA and is set forth below, is not necessarily consistent with the results that will be reported by Ferrari as the FCA reported results reflect internal FCA allocations and eliminations between the FCA Group and the Ferrari Group that will not be applied by Ferrari in presenting its stand-alone results, as well as a different definition of Net Debt from which Net Industrial Debt (not a Ferrari reported metric) is determined.

   
    Ferrari Financial Results as reported by FCA:
                                                                      For the twelve
       For the three months      (EUR in million unless                months ended
        ended December 31,          otherwise stated)                 December 31,
     2015  2014    Variance                                      2015    2014  Variance
                                                                      
      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

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

*refer to specific note on Non-GAAP financial measure

On 2 February, 2016, at 4.30 p.m. CET, Ferrari management will hold a conference call to present the 2015 fourth quarter results and 2015 full year 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.

About Ferrari  

Ferrari is among the world's leading luxury brands focused on the design, engineering, production and sale of the world's most recognizable luxury performance sports cars. The Ferrari brand symbolizes exclusivity, innovation, state-of-the-art sporting performance and Italian design. Its history and the image enjoyed by its cars are closely associated with its Formula 1 racing team, Scuderia Ferrari, the most successful team in Formula 1 history. From the inaugural year of Formula 1 in 1950 through the present, Scuderia Ferrari has won 224 Grand Prix races, 16 Constructor World titles and 15 Drivers' World titles. Ferrari designs, engineers and produces its cars in Maranello, Italy, and sells them in over 60 markets worldwide.