Published on August 3rd, 2017 | by Daniel Sherman Fernandez0
Ferrari Sees A PROFIT Jump Of 24%
Ferrari’s second-quarter profit jumped 24 percent as the Italian supercar maker benefited from demand for its special editions, including the $2.1 million LaFerrari Aperta convertible, while preparing to expand beyond sports cars.
Adjusted earnings before interest, taxes, depreciation and amortization rose to 270 million euros (USD320 million) from 217 million euros a year earlier, beating the average 262 million-euro estimate of six analysts surveyed by Bloomberg.
The carmaker reiterated its target for 2017 profit on that basis to exceed 950 million euros. CEO Sergio Marchionne said in March that the figure could reach more than 1 billion euros.