Ferrari N.V. announced preliminary standalone earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company announced net revenues of EUR 744 million against EUR 751 million a year ago. Net profit declined to EUR 55 million against EUR 79 million a year ago. Adjusted EBIT was EUR 109 million against EUR 115 million a year ago. EBIT was EUR 85 million against EUR 115 million a year ago. EBITDA was EUR 157 million against EUR 193 million a year ago. Adjusted EBITDA was EUR 181 million against EUR 193 million a year ago. Earnings per share was EUR 0.28 against EUR 0.41 a year ago.

For the full year the company announced net revenues of EUR 2,854 million against EUR 2,762 million a year ago. Net profit was EUR 290 million against EUR 265 million a year ago. Adjusted EBIT was EUR 473 million against EUR 404 million a year ago. EBIT was EUR 444 million against EUR 389 million a year ago. EBITDA was EUR 719 million against EUR 678 million a year ago. Adjusted EBITDA was EUR 748 million against EUR 693 million a year ago. Earnings per share was EUR 1.52 against EUR 1.38 a year ago. Net Debt was EUR 1,938 million as of December 31, 2015.