<SEC-DOCUMENT>0001648416-16-000052.txt : 20160202
<SEC-HEADER>0001648416-16-000052.hdr.sgml : 20160202
<ACCEPTANCE-DATETIME>20160202165150
ACCESSION NUMBER:		0001648416-16-000052
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160202
FILED AS OF DATE:		20160202
DATE AS OF CHANGE:		20160202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ferrari N.V.
		CENTRAL INDEX KEY:			0001648416
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37596
		FILM NUMBER:		161381566

	BUSINESS ADDRESS:	
		STREET 1:		VIA ABETONE INFERIORE N. 4
		CITY:			MARANELLO
		STATE:			L6
		ZIP:			I-41053
		BUSINESS PHONE:		00390536949111

	MAIL ADDRESS:	
		STREET 1:		VIA ABETONE INFERIORE N. 4
		CITY:			MARANELLO
		STATE:			L6
		ZIP:			I-41053

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NEW BUSINESS NETHERLANDS N.V.
		DATE OF NAME CHANGE:	20150717
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a6-kferrariq4andfy20152x2x.htm
<DESCRIPTION>6-K
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
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		<title>6-k Ferrari Q4 and FY 2015 2-2-16</title>
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<a name="s485a8051407b420c82148399bb36dd18"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;"><hr></div><div style="line-height:174%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:13pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font><font style="font-family:inherit;font-size:14pt;font-weight:bold;">&#32;</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Washington, D.C. 20549</font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">_______________________________</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;font-weight:bold;">FORM 6-K</font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">_______________________________</font></div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;font-weight:bold;">REPORT OF FOREIGN PRIVATE ISSUER </font></div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;font-weight:bold;">PURSUANT TO RULE 13a-16 OR 15d-16 OF </font></div><div style="line-height:120%;text-align:center;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;font-weight:bold;">THE SECURITIES EXCHANGE ACT OF 1934</font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">For the month of February 2016</font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Commission File No. 001-37596</font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">_______________________________</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">FERRARI N.V. </font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(Translation of Registrant&#8217;s Name Into English)</font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">_______________________________</font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Via Abetone Inferiore n.4</font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">I-41053 Maranello (MO)</font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Italy</font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Tel. No.: +39 0536 949111</font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(Address of Principal Executive Offices)</font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">_______________________________</font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Form 20-F </font><font style="font-family:Wingdings;font-size:8pt;">x</font><font style="font-family:inherit;font-size:9pt;">&#32;Form 40-F </font><font style="font-family:Wingdings;font-size:8pt;">o</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)(1): </font><font style="font-family:Wingdings;font-size:8pt;">o</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)(7): </font><font style="font-family:Wingdings;font-size:8pt;">o</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Yes </font><font style="font-family:Wingdings;font-size:8pt;">o</font><font style="font-family:inherit;font-size:9pt;">&#32;&#32;No </font><font style="font-family:Wingdings;font-size:8pt;">x</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3&#173;2(b): N/A</font></div><div style="line-height:174%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;"><hr></div><div style="line-height:174%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s485a8051407b420c82148399bb36dd18"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:174%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:11pt;">The following exhibits are furnished herewith:</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:120px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:29px;"><font style="font-family:inherit;font-size:11pt;">Exhibit 99.1</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Press release issued by Ferrari N.V. dated February 2, 2016.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:120px;text-indent:-91px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;padding-bottom:8px;text-align:left;padding-left:120px;text-indent:-91px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;padding-bottom:8px;text-align:left;padding-left:120px;text-indent:-91px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s485a8051407b420c82148399bb36dd18"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:174%;padding-bottom:8px;text-align:left;padding-left:120px;text-indent:-91px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">SIGNATURE</font></div><div style="line-height:174%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></div><div style="line-height:174%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:91.40625%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td width="46%"></td><td width="5%"></td><td width="8%"></td><td width="41%"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Date:  February 2, 2016</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">FERRARI N.V.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">By:</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">/s/ Alessandro Gili</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Name:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Alessandro Gili</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Title:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Chief Financial Officer</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s485a8051407b420c82148399bb36dd18"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:174%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Index of Exhibits</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Exhibit</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Number</font><font style="font-family:inherit;font-size:11pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Description of Exhibit</font></div><div style="line-height:100%;text-align:left;padding-left:66px;text-indent:-67px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:66px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:0px;"><font style="font-family:inherit;font-size:11pt;">99.1</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Press release issued by Ferrari N.V. dated February 2, 2016.</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit991ferrari2-2x16.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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		<title>Exhibit 99.1 Ferrari 2-2-16</title>
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<a name="se36d65dd55f446fcab5326b2101c1a43"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit 99.1</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Best ever results: FY 2015 </font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:174%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:174%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Total shipments reached 7,664 units, up 6%</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:174%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:174%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Net revenues grew 3% (-3% at constant currencies) to Euro 2,854 million </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:174%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:174%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Adjusted EBIT</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font><font style="font-family:inherit;font-size:11pt;">&#32;of Euro 473 million, 200bps margin increase </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:174%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:174%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Net profit amounted to Euro 290 million, +9%</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:174%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:11pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:174%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Net Debt of Euro 1,938 million as of December 31, 2015</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:174%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:11pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:174%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Distribution of Euro 0.46</font><font style="font-family:inherit;font-size:11pt;color:#ff0000;">&#32;</font><font style="font-family:inherit;font-size:11pt;">per common share</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup>&#160;</font></div></td></tr></table><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:75.9765625%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td width="9%"></td><td width="11%"></td><td width="11%"></td><td width="34%"></td><td width="12%"></td><td width="1%"></td><td width="11%"></td><td width="11%"></td></tr><tr><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">For the three months ended December 31,</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In Euro million unless otherwise stated)</font></div></td><td colspan="4" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">For the twelve months ended December 31,</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #c00000;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Change</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #c00000;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Change</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #808080;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,021</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,975</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">46</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Shipments (in units)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,664</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #808080;background-color:#bfbfbf;border-top:1px solid #c00000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,255</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">409</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">744</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">751</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(7)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net revenues</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,854</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;background-color:#bfbfbf;border-top:1px solid #808080;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,762</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">92</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">85</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">115</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(30)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">EBIT</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">444</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;background-color:#bfbfbf;border-top:1px solid #999999;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">389</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">55</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">109</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">115</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(6)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Adjusted EBIT</font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">473</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;background-color:#bfbfbf;border-top:1px solid #999999;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">404</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">69</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">157</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">193</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(36)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">EBITDA</font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">719</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;background-color:#bfbfbf;border-top:1px solid #999999;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">678</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">41</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">181</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">193</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Adjusted EBITDA</font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">748</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;background-color:#bfbfbf;border-top:1px solid #999999;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">693</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">55</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">55</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">79</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(24)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net profit</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">290</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;background-color:#bfbfbf;border-top:1px solid #999999;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">265</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.28</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.41</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(0.13)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Earnings per share (in Euro)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1.52</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;background-color:#bfbfbf;border-top:1px solid #999999;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1.38</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.14</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:79.8828125%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td width="67%"></td><td width="11%"></td><td width="11%"></td><td width="11%"></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(Euro million)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #c00000;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Dec. 31, 2015</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #c00000;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Dec. 31, 2014</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Change</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net Cash/(Net Debt)</font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,938)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">566</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">n.m.</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">________________</font></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(1)  Refer to specific note on Non-GAAP financial measures</font></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(2)  Subject to approval of the 2015 annual accounts and review of other relevant financial statements by the Board of Directors</font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Ferrari N.V.</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Amsterdam, the Netherlands</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Registered Office: </font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Via Abetone Inferiore N.4, </font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">I -41053 Maranello, (MO) Italy</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Dutch trade register number: 64060977</font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="se36d65dd55f446fcab5326b2101c1a43"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Maranello (Italy), February 2, 2016</font><font style="font-family:inherit;font-size:11pt;">&#32;- Ferrari N.V. (NYSE/MTA: RACE) (&#8220;Ferrari&#8221; or the &#8220;Company&#8221;) today announces its consolidated net revenues and preliminary results</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(3)</sup></font><font style="font-family:inherit;font-size:8pt;">&#32;</font><font style="font-family:inherit;font-size:11pt;">for the fourth quarter and twelve months ended December 31, 2015.</font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Shipments totaled 7,664 units in 2015, up 6% from the previous year. This performance was driven by a 17% increase in sales of our 8 cylinder models (V8), led by California T, 458 Speciale A and the newly launched 488 GTB. Shipments of the 12 cylinder models (V12) were down 24% as the F12berlinetta and the FF are respectively in their 4</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">th</sup></font><font style="font-family:inherit;font-size:11pt;">&#32;and 5</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">th</sup></font><font style="font-family:inherit;font-size:11pt;">&#32;year of commercialization, and the F12tdf shipments started in December 2015.</font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">EMEA</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(4)</sup></font><font style="font-family:inherit;font-size:11pt;">, Americas</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(4)</sup></font><font style="font-family:inherit;font-size:11pt;">&#32;and Rest of APAC</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(4)</sup></font><font style="font-family:inherit;font-size:8pt;">&#32;</font><font style="font-family:inherit;font-size:11pt;">experienced sound year-on-year growth of 2%, 7% and 26% respectively. Greater China</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">4</sup></font><font style="font-family:inherit;font-size:11pt;">&#32;contracted by 10% year-on-year, but showed a +7% upturn for the three months ended December 31, 2015, thanks to the introduction of the 488 GTB.</font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Net revenues for FY 2015 were Euro 2,854 million, an increase of Euro 92 million or 3% (-3% at constant currencies) from FY 2014. Higher net revenues in Cars and spare parts</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(5)</sup></font><font style="font-family:inherit;font-size:8pt;">&#32;</font><font style="font-family:inherit;font-size:11pt;">(Euro 136 million, +7%) were partially offset by a decrease in Engines</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(6)</sup></font><font style="font-family:inherit;font-size:8pt;">&#32;</font><font style="font-family:inherit;font-size:11pt;">(Euro 92 million, -30%).</font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Adjusted EBIT</font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:inherit;font-size:11pt;">&#32;was Euro 473 million, up Euro 69 million (+17%) from FY 2014. This was the effect of higher volumes for the California T, 458 Speciale A, the newly launched 488 GTB and a positive margin contribution from our personalization programs. The increase was also supported by a positive foreign exchange contribution of Euro 41 million, mainly due to U.S. dollar and Great Britain pound appreciation and partially offset by Japanese yen. The mix effect had a slightly negative contribution of Euro 6 million due to the higher proportion of V8 versus V12 in FY 2015 compared to FY 2014. Selling, general and administrative costs</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(7)</sup></font><font style="font-family:inherit;font-size:8pt;">&#32;</font><font style="font-family:inherit;font-size:11pt;">grew by Euro 15 million due to our continued </font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">________________</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(3)  These results have been 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</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(4)  EMEA includes: Italy, UK, Germany, Switzerland, France, Middle East (includes the United Arab Emirates, Saudi Arabia, Bahrain, Lebanon, Qatar, Oman and Kuwait) and Rest of EMEA (includes Africa and the other European markets not separately identified); Americas includes: United States of America, Canada, Mexico, the Caribbean and Central and South America; Greater China includes: China, Hong Kong and Taiwan; Rest of APAC mainly includes: Japan, Australia, Singapore, Indonesia and South Korea</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(5)  Includes the net revenues generated from shipments of our cars, including any personalization revenue generated on these cars and sales of spare parts</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(6)  Includes the net revenues generated from the sale of engines to Maserati for use in their cars, and the revenues generated from the rental of engines to other Formula 1 racing teams</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(7)  Excluding expenses related to IPO costs and employees extra bonus in 2015 and the resignation of former Chairman in 2014</font></div><div style="line-height:174%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="se36d65dd55f446fcab5326b2101c1a43"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">focus on directly operated retail stores, corporate costs and F1 racing activities. Research and development costs and industrial costs increased by Euro 3 million attributable to the 2016 development of the power unit for F1 racing activity partially offset by a lower R&amp;D on road cars (primarily R&amp;D and product D&amp;A of 458 family) and efficiencies on production costs.</font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">As a result of the items described above, net profit for FY 2015 was Euro 290 million, up Euro 25 million (+9%).   </font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Free Cash Flow</font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:inherit;font-size:11pt;">&#32;for the twelve months ended December 31, 2015 was Euro 390 million, primarily driven by a strong increase in cash from operating activities. Free Cash Flow</font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:inherit;font-size:11pt;">&#32;included the following one-time cash inflows: the sale of investment properties; the reimbursement of the financing of inventory related to the establishment of the Maserati standalone business in China; and the sale of the financial assets portfolios of certain Financial Services Companies (FFS S.p.A. and FFS KK) in connection with the additional steps taken to maximize the effects of our cooperation agreements in Europe and in Japan; partially offset by the one-time extra bonus payment in December to all Ferrari employees. </font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Net Debt</font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:inherit;font-size:11pt;">&#32;at December 31, 2015 was Euro 1,938 million, compared to a Net Cash</font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:inherit;font-size:11pt;">&#32;position of Euro 566 million at December 31, 2014. This was a result of the capital reorganization in connection with our IPO and the spin-off from Fiat Chrysler Automobiles N.V. (FCA), partially offset by the strong Free Cash Flow</font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:inherit;font-size:11pt;">&#32;generation.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="se36d65dd55f446fcab5326b2101c1a43"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">2016 Outlook</font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The Group indicates the following guidance for 2016, assuming FX consistent with current market conditions:</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:174%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Shipments: ~7,900 including supercars</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:174%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Net revenues: &gt;Euro 2.9 billion </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:174%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Adjusted EBITDA: &gt;Euro 770 million </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:174%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Net Debt: &lt;Euro 1,950 billion (&lt;Euro 750 million - net of the funded self-liquidating financial receivables portfolio) including distribution to shareholders</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup>&#160;</font></div></td></tr></table><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Distribution proposal</font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Subject to the approval of the 2015 annual accounts and review of other relevant financial statements by the Board of Directors of the Company, the Board of Directors of the Company intends to resolve to make a distribution to the holders of common shares of Euro 0.46</font><font style="font-family:inherit;font-size:11pt;color:#ff0000;">&#32;</font><font style="font-family:inherit;font-size:11pt;">per common share, corresponding to a total distribution to shareholders of approximately Euro 87</font><font style="font-family:inherit;font-size:11pt;color:#ff0000;">&#32;</font><font style="font-family:inherit;font-size:11pt;">million.</font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Subsequent Events</font></div><div style="line-height:174%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:11pt;">On January 3</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">rd</sup></font><font style="font-family:inherit;font-size:11pt;">, 2016 the Company completed the announced separation of the Ferrari business from FCA which was previously its largest shareholder</font><font style="font-family:inherit;font-size:12pt;color:#1f497d;">. </font><font style="font-family:inherit;font-size:11pt;">Following Ferrari&#8217;s debut on the New York Stock Exchange (NYSE) on October 21</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">st</sup></font><font style="font-family:inherit;font-size:11pt;">, 2015, on January 4</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">th</sup></font><font style="font-family:inherit;font-size:11pt;">, 2016 the Company also completed the listing of its common shares on the Milan Stock Exchange (MTA) under the ticker symbol RACE. </font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">On January 19</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">th</sup></font><font style="font-family:inherit;font-size:11pt;">, 2016 Ferrari Financial Services Inc. completed its first securitization program of retail financial receivables in the U.S. with total proceeds of approximately US$246 million.</font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="se36d65dd55f446fcab5326b2101c1a43"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Shipments </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:75.9765625%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td width="9%"></td><td width="11%"></td><td width="11%"></td><td width="34%"></td><td width="13%"></td><td width="10%"></td><td width="1%"></td><td width="11%"></td></tr><tr><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">For the three months ended December 31,</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Shipments</font><font style="font-family:inherit;font-size:9pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">4</sup></font><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#160;(units)</font></div></td><td colspan="4" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">For the twelve months ended December 31,</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #c00000;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Change</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2015</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #c00000;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2,014</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Change</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #808080;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">938</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">780</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">158</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">EMEA</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,351</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,274</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #808080;background-color:#f2f2f2;border-top:1px solid #c00000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">77</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">671</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">740</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(69)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Americas</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,640</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,462</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;background-color:#f2f2f2;border-top:1px solid #808080;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">178</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">192</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">179</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Greater China</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">610</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">675</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;background-color:#f2f2f2;border-top:1px solid #999999;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(65)</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">220</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">276</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(56)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Rest of APAC</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,063</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">844</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;background-color:#f2f2f2;border-top:1px solid #999999;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">219</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2,021</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">1,975</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">46</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total shipments</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">7,664</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">7,255</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;background-color:#f2f2f2;border-top:1px solid #999999;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">409</font></div></td></tr></table></div></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Total net revenues</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:75.9765625%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td width="9%"></td><td width="11%"></td><td width="11%"></td><td width="34%"></td><td width="13%"></td><td width="11%"></td><td width="10%"></td><td width="1%"></td></tr><tr><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">For the three months ended December 31,</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(Euro million)</font></div></td><td colspan="4" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">For the twelve months ended December 31,</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #c00000;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Change</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2014</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Change</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #808080;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">535</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">532</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cars and spare parts</font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(5)</sup></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,080</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,944</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">136</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #808080;border-top:1px solid #c00000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">47</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">83</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(36)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Engines</font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(6)</sup></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">219</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">311</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #808080;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(92</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #808080;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">119</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">108</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Sponsorship, commercial and brand</font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(8)</sup></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">441</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">417</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">24</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;border-top:1px solid #999999;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">43</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">28</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">15</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other</font><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(9)</sup></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">114</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">90</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">24</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;border-top:1px solid #999999;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">744</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">751</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(7)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total net revenues</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#bfbfbf;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2,854</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2,762</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #999999;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">92</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #999999;border-top:1px solid #999999;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">______________________</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(8) Includes the net revenues earned by our Formula 1 racing team through sponsorship agreements and our share of the Formula 1 World Championship commercial revenues and net revenues generated through the Ferrari brand, including merchandising, licensing and royalty income</font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(9) Primarily includes interest income generated by the Ferrari Financial Services group and net revenues from the management of the Mugello racetrack</font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="se36d65dd55f446fcab5326b2101c1a43"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">About Ferrari </font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Ferrari is among the world&#8217;s leading luxury brands focused on the design, engineering, production and sale of the world&#8217;s most recognizable luxury performance sports cars. 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&#8217; World titles. Ferrari designs, engineers and produces its cars in Maranello, Italy, and sells them in over 60 markets worldwide.</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Forward Looking Statements</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This document, and in particular the section entitled &#8220;2016 Outlook&#8221;, contains forward-looking statements. These statements may include terms such as &#8220;may&#8221;, &#8220;will&#8221;, &#8220;expect&#8221;, &#8220;could&#8221;, &#8220;should&#8221;, &#8220;intend&#8221;, &#8220;estimate&#8221;, &#8220;anticipate&#8221;, &#8220;believe&#8221;, &#8220;remain&#8221;, &#8220;on track&#8221;, &#8220;design&#8221;, &#8220;target&#8221;, &#8220;objective&#8221;, &#8220;goal&#8221;, &#8220;forecast&#8221;, &#8220;projection&#8221;, &#8220;outlook&#8221;, &#8220;prospects&#8221;, &#8220;plan&#8221;, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on the Group&#8217;s current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including: the Group&#8217;s ability to preserve and enhance the value of the Ferrari brand; the success of Ferrari&#8217;s Formula 1 racing team and the expenses the Group incurs for Formula 1 activities; the Group&#8217;s ability to keep up with advances in high performance car technology and to make appealing designs for its new models; the Group&#8217;s low volume strategy; the ability of Maserati, the Group&#8217;s engine customer, to sell its planned volume of cars; changes in client preferences and automotive trends; changes in the general economic environment and changes in demand for luxury goods, including high performance luxury cars, which is highly volatile; the impact of increasingly stringent fuel economy, emission and safety standards; the Group&#8217;s ability to successfully carry out its growth strategy and, particularly, the Group&#8217;s ability to grow its presence in emerging market countries; competition in the luxury performance automobile industry; reliance upon a number of key members of executive management and employees; the performance of the Group&#8217;s dealer network on which the Group depend for sales and services; increases in costs, disruptions of supply or shortages of components and raw materials; disruptions at the Group&#8217;s manufacturing facilities in Maranello and Modena; the Group&#8217;s ability to provide or arrange for adequate access to financing for its dealers and clients; the performance of the Group&#8217;s licensees for Ferrari-branded products; the Group&#8217;s ability to protect its intellectual property rights and to avoid infringing on the intellectual property rights of others; product recalls, liability claims and product warranties; exchange rate fluctuations, interest rate changes, credit risk and other market risks; potential conflicts of interest due to director and officer overlaps with the Group&#8217;s largest shareholders and other factors discussed elsewhere in this document. </font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Any forward-looking statements contained in this document speak only as of the date of this document and the Company does not undertake any obligation to update or revise publicly forward-looking statements. Further information concerning the Group and its businesses, including factors that could materially affect the Company&#8217;s financial results, is included in the Company&#8217;s reports and filings with the U.S. Securities and Exchange Commission, the AFM and CONSOB.</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">For further information: </font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">tel.: +39 0536 949137</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Email: </font><font style="font-family:inherit;font-size:11pt;color:#0000ff;text-decoration:underline;">media@ferrari.com</font><font style="font-family:inherit;font-size:11pt;">&#32;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#1f497d;">Investor Relations </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#1f497d;">Tel.: +39 0536 949695 </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#1f497d;">Email: </font><font style="font-family:inherit;font-size:12pt;color:#0000ff;text-decoration:underline;">nicoletta.russo@ferrari.com</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;color:#0000ff;text-decoration:underline;">www.ferrari.com</font><font style="font-family:inherit;font-size:11pt;">&#32;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="se36d65dd55f446fcab5326b2101c1a43"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Non-GAAP financial measures </font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Operations are monitored through the use of various Non-GAAP financial measures that may not be comparable to other similarly titled measures of other companies.</font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Accordingly, investors and analysts should exercise appropriate caution in comparing these supplemental financial measures to similarly titled financial measures reported by other companies.</font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">We believe that these supplemental financial measures provide comparable measures of financial performance which then facilitate management&#8217;s ability to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions.</font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Adjusted Earnings Before Interest and Taxes (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Adjusted EBIT</font><font style="font-family:inherit;font-size:11pt;">&#8221;) represents EBIT as adjusted for income and costs, which are significant in nature, but expected to occur infrequently. </font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:68.1640625%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td width="16%"></td><td width="16%"></td><td width="36%"></td><td width="16%"></td><td width="16%"></td></tr><tr><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the three months ended December 31,</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(Euro million)</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the twelve months ended December 31,</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2014</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">85</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">115</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">EBIT</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">444</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">389</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Expense related to the resignation of the former Chairman</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">15</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">24</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Income and expenses incurred in connection with our IPO and separation and employees extra bonus</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">29</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">0</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">109</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">115</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Adjusted EBIT</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">473</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">404</font></div></td></tr></table></div></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="se36d65dd55f446fcab5326b2101c1a43"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">EBITDA</font><font style="font-family:inherit;font-size:11pt;">&#32;is defined as net profit before income tax expense, net financial expenses/(income) and depreciation and amortization. </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Adjusted EBITDA</font><font style="font-family:inherit;font-size:11pt;">&#32;is defined as EBITDA as adjusted for income and costs, which are significant in nature, but expected to occur infrequently.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:68.1640625%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td width="16%"></td><td width="16%"></td><td width="36%"></td><td width="16%"></td><td width="16%"></td></tr><tr><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the three months ended December 31,</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(Euro million)</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the twelve months ended December 31,</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2014</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">55</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">79</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net profit</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">290</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">265</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">25</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">38</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Income tax expense</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">144</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">133</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(2)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net financial expense/(income)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">10</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(9)</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">72</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">78</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Amortization and depreciation</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">275</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">289</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">157</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">193</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">EBITDA</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">719</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">678</font></div></td></tr></table></div></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:68.1640625%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td width="16%"></td><td width="16%"></td><td width="36%"></td><td width="16%"></td><td width="16%"></td></tr><tr><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the three months ended December 31,</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(Euro million)</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the twelve months ended December 31,</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2014</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">157</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">193</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">EBITDA</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">719</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">678</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Expense related to the resignation of the former Chairman</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">15</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">24</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Income and expenses incurred in connection with our IPO and separation and employees extra bonus</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">29</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">0</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">181</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">193</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Adjusted EBITDA</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">748</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">693</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Net Cash/(Net Debt)</font><font style="font-family:inherit;font-size:11pt;">&#32;is defined as </font><font style="font-family:inherit;font-size:10pt;">cash and cash equivalents plus cash deposits in FCA Group cash management pools less debt</font><font style="font-family:inherit;font-size:11pt;">.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:66.015625%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td width="50%"></td><td width="25%"></td><td width="25%"></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;(Euro million)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, </font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, </font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2014</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">183</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">134</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Deposits in FCA Group cash management pools</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">139</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">942</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Financial liabilities with FCA Group</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(3)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(379)</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Financial liabilities with third parties</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(2,257)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(131)</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Net Cash / (Net Debt)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(1,938)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #808080;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">566</font></div></td></tr></table></div></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="se36d65dd55f446fcab5326b2101c1a43"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Free Cash Flow</font><font style="font-family:inherit;font-size:11pt;">&#32;is one of management&#8217;s primary key performance indicators to measure the Group&#8217;s performance and is defined as cash flows from operating activities less cash flows used in investing activities.</font></div><div style="line-height:174%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Free Cash Flow is subject to month to month fluctuations due to, among other things, production volumes, activity of our financial services portfolio, timing of tax payments and capital expenditures.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:68.1640625%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td width="16%"></td><td width="16%"></td><td width="36%"></td><td width="16%"></td><td width="16%"></td></tr><tr><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the three months ended December 31,</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(Euro million)</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">For the twelve months ended December 31,</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #c00000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #c00000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2014</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">173</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">131</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Cash flows from operating activities</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">707</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">426</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(121)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(122)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Cash flows used in investing activities</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(317)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(290)</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">52</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">9</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Free Cash Flow</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">390</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #999999;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">136</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:174%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:11pt;">On February 2</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">nd</sup></font><font style="font-family:inherit;font-size:11pt;">, 2016, at 4.30 p.m. CET, management will hold a conference call to present the 2015 full year results to financial analysts and institutional investors. The call can be followed live and a recording will subsequently be available on the Group website</font><font style="font-family:Calibri,sans-serif;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:11pt;">http://corporate.ferrari.com/en/investors. The supporting document will be made available on the website prior to the call.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">For further information: </font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">tel.: +39 0536 949137</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Email: </font><font style="font-family:inherit;font-size:11pt;color:#0000ff;text-decoration:underline;">media@ferrari.com</font><font style="font-family:inherit;font-size:11pt;">&#32;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#1f497d;">Investor Relations </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#1f497d;">Tel.: +39 0536 949695 </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#1f497d;">Email: </font><font style="font-family:inherit;font-size:12pt;color:#0000ff;text-decoration:underline;">nicoletta.russo@ferrari.com</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;color:#0000ff;text-decoration:underline;">www.ferrari.com</font><font style="font-family:inherit;font-size:11pt;">&#32;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
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