The Modena version of the Ferrari Museum has beaten all previous visitor numbers with a month to go.

The popularity of the Ferrari Museums continues to grow, hitting a record of more than 500,000 visitors from the start of the year to November, an increase of 12% compared to the same period last year. As such, the previous record of more than 478,000 tickets set at the end of 2016 has been beaten, well before the end of the year. 

The Museo Enzo Ferrari in Modena in particular registered an annual growth of 19% in November, equivalent to 150,000 visitors, drawn by the “Driving with the Stars” exhibition that sees the Ferraris driven by stars from the sporting, cultural, industrial and entertainments worlds on display. 

The Ferrari Museum in Maranello has also enjoyed significant success, with an 8% increase in visitors taking the total to 350,000. Over the course of the year, the museum has hosted the “Rosso Infinito” (‘Infinite Red’) exhibition - which is still underway - and “Under the Skin”, which has now been transferred to the Design Museum in London, running from 15 November to 15 April 2018. 

Sales of single tickets for both museums remain stable, representing around a fifth of the total, serving as confirmation of the superb synergy between these structures for another year. 

These results serve to confirm that the Ferrari Museums are among the most visited in Italy, attracting fans and enthusiasts from all over the world. They owe their appeal to the exciting attractions renewed every year, with major themed exhibitions, exhibits featuring iconic cars and original museum tours that take visitors on a journey through the history of the Prancing Horse brand.

A rare one of a kind La Ferrari is auctioned to help those in the earthquake zones of Italy.

The other night, a prized LaFerrari was sold at auction for $7 Million to benefit the reconstruction of Central Italy in the aftermath of the devastating earthquakes of 2016. 

The auction was held in conjunction with RM Sotheby’s and in collaboration with the National Italian American Foundation's Earthquake Relief Fund. The price achieved represents a record for the most valuable 21^st Century automobile ever sold at auction.

All proceeds from the auction will go toward the reconstruction efforts in the areas affected by the earthquake. 

RM Sotheby’s has graciously donated their expertise to raise the highest amount possible. The decision to donate a LaFerrari from the company’s own collection for this cause  was announced on August 31^st 2016 on the occasion of the bilateral talks between the Italian and German governments that took place at the Ferrari factory in Maranello, Italy.

The LaFerrari boasts a unique livery with a distinctly Italian theme: a red exterior with a white dream line on the hood and rear windshield. A  small Italian flag on the hood serves as a reminder that this is a gift by Ferrari to its home country. The car will also feature a commemorative plaque.

Ferrari announces its final end of year results and sales and profits are all up, and looking good for the coming year.

• Total shipments reached 2,214 units, up 8% (+155 units)
• Net revenues grew 5.9% (+6.2% at constant currencies) to Euro 811 million
• Adjusted EBIT⁽¹⁾ of Euro 156 million, 310 bps margin increase
• Adjusted net profit⁽¹⁾ up 35% to Euro 104 million
• Net industrial debt^([1]) at Euro 763 million, better than March 2016

Adjusted EBIT(1)	Net profit
Volume increase of approx. 230 cars (excluding LaFerrari) thanks to the newly launched 488 GTB, 488 Spider, F12tdf and positive contribution from personalization	Net profit for Q2 was Euro 97 million up Euro 21 million (+29%) due to the combined effect of strong EBIT and lower tax rate vs. previous year partially offset by charges for Takata airbag inflator recalls
Negative mix impacted by LaFerrari, that finished its limited series run, and V8, slightly higher compared to the previous year, partially offset by the non-registered car FXX K and limited edition F60 America
Net industrial debt(1)	Confirming 2016 Outlook([2])
Net industrial debt(1) reduced to Euro 763 million, primarily due to strong industrial free cash flow(1)generation partially offset by cash distribution to holders of common shares and dividends paid to NCI	The Group guidance is confirmed as follows: Shipments: ~8,000 units including supercars Net revenues: > Euro 3 billion Adjusted EBITDA: ≥ Euro 800 million Net industrial debt([3]): ≤ Euro 730 million

Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results^([4]) for the second quarter and six months ended June 30, 2016.

Shipments

Shipments totaled 2,214 units in Q2 2016, up 8% from the previous year. 

This performance was driven by a 16% increase in sales of our 8 cylinder models (V8), led by the success of the two newly launched models: the 488 GTB and the 488 Spider. Shipments of the 12 cylinder models (V12) were down 22% due to the phase-out of the FF, the F12berlinetta now in its 5^th year of commercialization and LaFerrari that finished its limited series run. This was partially offset by the introduction of the new F12tdf.

The EMEA^([5]) and Greater China⁽⁵⁾ regions experienced a sound year-on-year growth with shipments increasing respectively by +14% and +26%, Americas⁽⁵⁾ recorded a slight  improvement whereas Rest of APAC⁽⁵⁾ remained in line with the previous year due to 488 Spider and F12tdf having just arrived on the market.

Total net revenues

Net revenues for Q2 2016 were Euro 811 million, an increase of Euro 45 million or 5.9% (+6.2% at constant currencies) from Q2 2015. Higher net revenues in Cars and spare parts⁽⁶⁾ (Euro 589 million, +2%) were due to increased volumes led by new models 488 GTB, 488 Spider,F12tdf, the non-registered car FXX K and the final deliveries of the F60 America, a strictly limited edition car, along with a higher contribution from personalization, which was partially offset by lower sales of LaFerrari. The rebound in Engines⁽⁷⁾ (Euro 71 million, +24%), was mainly attributable to higher rental revenues from other Formula 1 Teams. Sponsorship, commercial and brand⁽⁸⁾(Euro 117 million, +14%) was up mostly due to better championship ranking, higher sponsorship revenues and positive contribution from brand related activities.

Adjusted EBITDA⁽¹⁾ and Adjusted EBIT⁽¹⁾

Adjusted EBIT⁽¹⁾ was Euro 156 million, up Euro 32 million (+26%) from Q2 2015 as a result of higher volumes, thanks to the newly launched 488 GTB, 488 Spider and the F12tdf as well as a positive margin contribution from our personalization programs. Mix was negatively impacted (Euro 25 million) by higher V8 versus V12 range models with LaFerrari that finished its limited series run, partially offset by the non-registered car FXX K and the final deliveries of the F60 America, a strictly limited edition car (only ten units) manufactured to commemorate the 60^th Anniversary of Ferrari in North America. Research and development costs and industrial costs showed a decrease of Euro 11 million mainly due to lower D&A for the 458 family and LaFerrari phase-out coupled with efficiencies on production costs partially offset by F1 costs. The Selling, general and administrative costs^([10])were substantially in line with the previous year as the combined result of new store openings, new model launches and corporate costs offset by bad debt in Q2 2015. Other recorded a positive contribution of Euro 14 million thanks to Sponsorship, commercial and brand as well as other supporting activities.

Adjusted EBIT⁽¹⁾ excludes charges of Euro 10 million due to the worldwide Takata airbag inflator recalls^([11]).

Tax rate dropped to 30.7% in Q2 2016 vs. 33.5% in Q2 2015 as a result of the Italian Government’s decision to reduce the nominal tax rate from 27.5% to 24% by 2017.

As a result of the items described above, adjusted net profit⁽¹⁾ for Q2 2016 was Euro 104 million, up Euro 26 million (+35%).

Industrial free cash flow⁽¹⁾ for the three months ended June 30, 2016 was Euro 145 million, primarily driven by a strong increase in cash flow from operating activities, including a positive change of working capital and timing effect of advances on the new open-top LaFerrari, partially offset by capex and the first 2016 tax advance. Q2 2015 industrial free cash flow⁽¹⁾ included a Euro 116 million one-time cash in-flow related to the final reimbursement by Maserati of its inventory in China.

Net industrial debt⁽¹⁾ at June 30, 2016 was Euro 763 million, better than from Euro 782 million at March 31, 2016, thanks to industrial free cash flow⁽¹⁾ generation offset by cash distribution for Euro 87 million paid to the holders of common shares and Euro 13 million dividends paid to NCI.

The open-top LaFerrari: the new special limited-edition series

On July 5^th, 2016 Ferrari unveiled the first images of the open-top LaFerrari, the new limited-edition special series. The new model, already pre-sold, will be presented during the Paris International Motor Show in October 2016. The open-top LaFerrari will be provided with a removable carbon-fiber hard top and a removable soft top aimed at customers and collectors who refuse to compromise on the joy of plein air driving even when at the wheel of a supercar.

Subsequent Events

On July 7^th, 2016 Ferrari with Luxottica Group announced the signing of a sponsorship agreement for the Ray-Ban brand to appear on the SF16-H Formula One cars.

Salon Privé - now offering pre-booked as well as ‘on-the-day’ test drives and passenger rides.

• Salon Privé - now offering pre-booked as well as ‘on-the-day’ test drives and passenger rides
• Models available: Lamborghini Huracán, Morgan EV3, Bentley Bentayga and BMW i8 amongst others
• Full list of manufacturers participating in test drive programme to be announced

Salon Privé has become the only event to offer test drives on the public road through its new ‘see it, test it, drive it’ programme. The experience is launched in partnership with hand-picked, luxury automotive manufacturers and is exclusively available to Salon Privé guests from the 1^st to 3^rd September.

The new ‘see it, test it, drive it’ experience allows Salon Privé’s guests to get behind the wheel of some of the world’s most luxurious and prestigious cars from world-renowned manufacturers. These include; Abarth, Bentley, BMW, Lamborghini, Lexus, Morgan, Overfinch and Tesla.

Joining the supercar-themed line-up of test drive models is the exotic Lamborghini Huracán, and both the LP 580-2 and drop-top equivalent, the LP610-4 Spyder, will be on hand to offer guests a thrill on the road. Also confirmed from Italy is the brand new Abarth 124 Spider, the compact two-seater roadster that has just hit showrooms. Abarth will also be bringing two of its recently facelifted 595 hatchbacks in 595 C Turismo cabrio and 595 Competizione guise.

Meanwhile, BMWi division’s game-changing plug-in supercar, the BMW i8, will also be on hand and lines up beside Morgan’s all-electric EV3 three-wheeler and the much-discussed luxury Tesla Model S.

Bentley’s all-new Bentayga SUV has also been confirmed to join the programme’s test drive line-up. The Bentayga, which already has a waiting list of over a year, has a starting price of £160,000 and is the luxury British brand’s debut into the SUV market. Described as the fastest, most powerful, most luxurious SUV in the world, Salon Privé’s guests will have the opportunity to experience the vehicle for themselves during the three-day event.

“Putting customers behind the wheel at a prestigious event like Salon Privé is an amazing opportunity for guests to experience a Bentley first hand,” said Head of Business at Bentley Birmingham, Mark Hudson. “The fact that we’ve also been able to include the World’s most luxurious production off-roader, the Bentayga, into the test-drive line-up with other Bentley models means the response, so far, has been incredible.”

Celebrating another luxury SUV marque, Overfinch will also taking part in the ‘see it, test it, drive it’ experience, offering its 5.0-litre Autobiography model for guest test drives. The supercharged V8-powered off-roader has a performance-inspired carbon fibre body styling package and inside houses a luxury leather interior.

For manufacturers and supporting dealerships, the driving experience allows their sales experts to explore the virtues of each car in an informal setting with genuinely interested customers. Pre-qualification is completed through the high ticket price of £295, which includes full hospitality on the day, as well as pre-approved test drive requests. This ensures guests and manufacturer partners are best-suited before the drive.  

Discussing the ‘see it, test it, buy it’ programme, event co-founder David Bagley said: “Salon Privé strives to combine all elements of the lifestyle that owning and buying some of the most important luxury cars offers. It makes sense that we put our guests in the driving seat during the event, especially when you consider the location at Blenheim Palace and the manufacturers’ cars on display."

He continued: “You won’t find this engagement with luxury brands anywhere else. So far the take-up for test drives has been amazing, as a large percentage of guests already confirmed for the event have reserved cars to drive. I am sure that this initiative will deliver sales leads for our manufacturer partners, and our guests will enjoy the experience.”

Media accreditation is now open, and press can apply via the online booking form by providing their credentials and preferred attendance date. Media invites are limited, so interested parties are advised to apply as soon as possible.

Ferrari Q1 sees growth in Turnover, sales and profits, now we see how they fair as an independent company.

• Total shipments reached 1,882 units, up 15%
• Net revenues grew 8.8% (+8.4% at constant currencies) to Euro 675 million
• EBIT of Euro 121 million, 250bps margin increase
• Net profit up 19% to Euro 78 million
• Net industrial debt^[1] slightly down from year end 2015 at Euro 782 million

(In Euro million unless otherwise stated)	For the three months ended March 31,
	2016		2015	Change	%
Shipments (in units)	1,882		1,635	247	+15%
Net revenues	675		621	54	+8.8%
EBIT	121		96	25	+26%
Adjusted EBIT1	121		100	21	+21%
EBITDA1	178		156	22	+14%
Adjusted EBITDA1	178		160	18	+11%
Net profit	78		65	13	+19%
Earnings per share (in Euro )	0.41		0.34	0.07	+19%
Adjusted earnings per share1 (in Euro )	0.41		0.36	0.05	+13%
(Euro million)	Mar. 31, 2016		Dec. 31, 2015	Change
Net industrial debt1	(782)		(797)	15

Adjusted EBIT

• Increased volume of approx. 260 cars (excluding LaFerrari), all regions up thanks to strong start of the new models 488 GTB, 488 Spider and F12tdf; higher margin contribution from personalization
• Negative mix effect due to higher sales of V8 vs. V12 and lower sales of LaFerrari, finishing its limited series run, partially offset by FXX K and first deliveries of F60 America

Adjusted Net Profit

• Net profit for Q1 2016 was Euro 78 million, up Euro 13 million (+19%) due to combined effect of strong adjusted EBIT partially offset by higher financial expenses and benefitting from a lower tax rate

Net Industrial Debt

• Net industrial debt¹ reduced to Euro 782 million, primarily due to strong adjusted EBITDA partially offset by capex and negative change in working capital

2016 Revised Outlook^[2]

The Group is revising its guidance upwards as follows:

• Shipments: >7,900 including supercars
• Net revenues: _˜€3 billion
• Adjusted EBITDA: ≥ €800 million
• Net Industrial debt^[3]: ≤ €730 million    

Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results^[4] for the first quarter ended March 31, 2016. 

Shipments

Shipments5 (units)		For the three months ended March 31,
		2016	2015	Change		%
EMEA		950	765	185		+24%
Americas		523	515	8		+2%
Greater China		156	134	22		+16%
Rest of APAC		253	221	32		+14%
Total shipments		1,882	1,635	247		+15%

Shipments totaled 1,882 units in Q1 2016, up 15% from previous year. This performance was driven by a 21% increase in sales of our 8 cylinder models (V8), led by the success of the two newly launched models: the 488 GTB and the 488 Spider. Shipments of the 12 cylinder models (V12) were down 6% due to the phase out of the FF, the completion of the lifecycle of the F12berlinetta (now in its 5^th year of commercialization) and LaFerrari finishing its limited series run, partially offset by the introduction of the new F12tdf.

All regions experienced sound year-on-year growth: EMEA^[5], Americas⁵, Greater China⁵ and Rest of APAC⁵were up 24%, 2%, 16% and 14% respectively.

Total net revenues

(Euro million)		For the three months ended March 31,
		2016	2015	Change		%
Cars and spare parts[6]		481	429	52		+12%
Engines[7]		57	64	(7)		(11%)
Sponsorship, commercial and brand[8]		118	109	9		+8%
Other[9]		19	19	-		-
Total net revenues		675	621	54		+8.8%

Net revenues for Q1 2016 were Euro 675 million, an increase of Euro 54 million or 8.8% (+8.4% at constant currencies) from Q1 2015. Higher net revenues in Cars and spare parts6 (Euro 52 million, +12%), due to increased volumes led by new models 488 GTB, 488 Spider and F12tdf, along with a higher contribution from personalization, and Sponsorship, commercial and brand8 (Euro 9 million, +8%), mostly due to better championship ranking, were partially offset by a decrease in Engines7 (Euro 7 million, -11%), mainly attributable to lower shipments to Maserati despite higher rental revenues from other Formula 1 Teams.

(Euro million)		For the three months ended March 31,
		2016	2015	Change		%
Adjusted EBIT		121	100	21		+21%
Adjusted EBIT margin		18.0%	16.1%	+190bps
Adjusted EBITDA		178	160	18		+11%
Adjusted EBITDA margin		26.3%	25.7%	+60bps

Adjusted EBIT1 was Euro 121 million, up Euro 21 million (+21%) from Q1 2015 as a result of higher volumes from the newly launched 488 GTB, 488 Spider and the F12tdf as well as a positive margin contribution from our personalization programs. The increase was also supported by lower Selling, general and administrative costs^[10] of Euro 2 million, mainly due to timing of the 2016 F1 racing season. Mix was negatively impacted (Euro 8 million) by higher V8 versus V12 range models, lower sales of LaFerrari partially offset by the increase of FXX K, the first deliveries of the F60 America, a strictly limited edition car (only ten units), which was produced to commemorate the 60^th Anniversary of Ferrari in America. Research and development costs and industrial costs increased by Euro 1 million attributable to the 2016 development of the power unit for F1 racing activity which was partially offset by lower D&A for 458 family and efficiencies on production costs.

Tax rate dropped to 30.9% in Q1 2016 vs. 33.5% in Q1 2015, as a result of the Italian Government’s decision to reduce the Italian nominal tax rate from 27.5% to 24% by 2017.

As a result of the items described above, net profit for Q1 2016 was Euro 78 million, up Euro 13 million (+19%).  

Industrial free cash flow¹ for the three months ended March 31, 2016 was Euro 28 million, primarily driven by a strong increase in cash from operating activities but partially offset by capex and negative change in working capital (less down-payments received for the LaFerrari). Q1 2015 industrial free cash flow¹included a Euro 44 million one-time cash in-flow related to a partial reimbursement by Maserati of its inventory in China.

Net industrial debt¹ at March 31, 2016 was Euro 782 million, down from the Euro 797 million at the end of 2015, due to industrial free cash flow generation.

The Company accessed the public debt markets for the first time with a Euro 500 million Bond issuance due 2023 with a fixed annual coupon of 1.50%.

Formula 1

Scuderia Ferrari has worked diligently throughout the 2015 calendar year to ready itself for the 2016 season, and the results are becoming visible: 4 podiums in the first 4 races, with missed opportunities in each one of the 4 events to place both drivers on the podium and even bring home the winner’s trophy. The team is totally focused on regaining its rightful place as the standard setter in F1 racing and we look to the rest of the season with confidence. Scuderia Ferrari totaled 700 podiums throughout its racing history.

GTC4Lusso

The new Ferrari GTC4Lusso, unveiled at the recent Geneva Motor Show, is Maranello’s latest interpretation of the four-seater concept, which combines extraordinary technology and performance in all driving conditions with sporty elegance and luxurious comfort for driver and passengers alike.

Brand

As previously announced we signed a non-binding memorandum of understanding for the licensing of the design, construction and operation of a new Ferrari theme park to be located in one of the primary cities in Mainland China.

As indicated during the IPO process, Ferrari is aggressively exploring the luxury goods space that extends beyond luxury performance sport cars, while nurturing and expanding the Scuderia Ferrari merchandising concept, which is inextricably linked to its racing activities in F1.

It is expected that the first evidence of this development (Ferrari branded goods akin to its luxury performance sport car offering) would be accessible to potential customers in 2017, when the Company celebrates its 70^thanniversary.

Subsequent Events

Ferrari Financial Services S.p.A. (FFS S.p.A.), an Italian indirect subsidiary of Ferrari N.V., and FCA Bank S.p.A. (FCAB) today announced that they have signed a memorandum of understanding for FCAB to acquire a majority stake in Ferrari Financial Services AG, a wholly owned subsidiary of FFS S.p.A. which provides retail and leasing financial services in certain European countries. The consummation of the transaction is subject to approvals of competition and banking regulatory authorities.