Ferrari (RACE) Offers Certain Prelim. Q4, FY15 Results

Ferrari (NYSE: RACE) that the Q4 and full year earnings announcement published today by Fiat Chrysler Automobiles N.V. (NYSE: FCAU), 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

*** The Street was looking for FY15 revenue of $746.6 million and FY15 revenue of $2.84 billion.

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.

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