Ferrari q2 adj. ebitda at eur 124 mln, narrows 2020 guidance

Q2 adjusted ebitda eur 124 million versus eur 120 million in reuters poll.q2 net profit eur 9 million versus profit eur 6 million in reuters poll.net industrial debt at end-june at eur 776 million.q2 revenue eur 571 million versus eur 561 million in reuters poll.cuts 2020 guidance.sees 2020 adjusted. ebitda: 1.075-1.125 billion euros (from 1.05-1.20 billion euros).sees in 2020 industrial free cash flow between eur 0.10 billion and eur 0.15 billion.sees 2020 diluted adjusted earnings per share: 2.6-2.8 per share (from euro 2.4-3.1 per share).sees 2020 net revenues: > euro 3.4 billion (from euro 3.4-3.6 billion).capital expenditures for 2020 confirmed at about eur 750 million.guidance 2020, continuing strong order book.group's expectetions relates among others to uncertainty of sponsorship and commercial revenues group generates from participation in f1 world championship.
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