“NBNV" made public certain estimated operating results in a regulatory filing made with the U.S. Securities and Exchange Commission
OREANDA-NEWS. Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MI: FCA) ("FCA") announced today that its subsidiary, New Business Netherlands N.V., to be renamed Ferrari N.V. (“NBNV”) made public certain estimated operating results in a regulatory filing made with the U.S. Securities and Exchange Commission.
NBNV stated that it expects to report for the three months ended September 30, 2015 (i) consolidated net revenues in a range of €720-730 million; (ii) EBIT in a range of €140-145 million; and (iii) Adjusted EBITDA in a range of €210-215 million. NBNV stated that its consolidated financial statements for the period are not yet available and the expectations above are solely NBNV management’s estimates based on currently available information. NBNV’s actual results may differ from these expectations. Adjusted EBITDA is a non-GAAP measure that NBNV has stated facilitates its management’s ability to identify operational trends and make decisions regarding future spending, resource allocations and other operational decisions. No reconciliation of this measure to a comparable measure under International Financial Reporting Standards (IFRS) is available for the period.
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