Board of Directors’meeting 9 November 2017

Board of Directors’meeting 9 November 2017

Rome, 9 November 2017. NTV’s Board of Directors - chaired by Luca Cordero di Montezemolo – has met today in the company’s headquarters located in Viale del Policlinico 149/b to approve the company accounts as of and for the nine months ended on 30 September 2017, presented by the CEO Flavio Cattaneo.

REVENUES increased reaching € 329,0 million vs € 261,4 million in the corresponding period of 2016, representing a growth of 25,9% (or € 67,7 million). EBITDA reached € 114,8 million vs € 64,2 million for the nine months ended on September 30, 2016, increasing by 78,8% (or € 50,6 million).

The Board has also decided to exercise the option for the purchase of additional 5 Italo EVO trains which, when added to the 12 trains purchased in 2016, bring the Italo EVO fleet to 17 trains. These 17 Italo EVO trains, added to the current 25 AGV trains, will increase NTV’s fleet to a total of 42 trains.

Further, NTV’s Board of Directors has decided to begin the process for its proposed initial public offering and stock exchange listing of the company, currently planned for 2018.

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