02 May 2016Press Releases, Corporate and Financial

Strongest ever Q1, on the way to another record year

Strongest ever Q1, on the way to another record year

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

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

(In milioni di Euro)	Mar. 31, 2016	Dec. 31, 2015	Variazione
Net industrial debt¹	(782)	(797)	15

[1] Refer to specific note on Non-GAAP financial measures

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