Ferrari: Q2 results in line with expectations.
(CercleFinance.com) - Ferrari's Q2 results included a 39% y-o-y rise in net profit to136 million euros, an increase that is in line with analysts' expectations.
Revenues of the Italian manufacturer of luxury sports cars rose by 13.5% in Q2 relative to Q2 2016, to 920 million euros, again in line with expectations.
EBIT reached million euros, up 24%: here, the consensus was expecting slightly less at 264 million euros.
Ferrari also announced deliveries of 2,332 cars over the period, up 5.3% y-o-y.
Finally, the group reiterated its annual targets, which include revenues of over 3.3 billion euros, 8,400 models sold and an adjusted Ebitda of over 950 million euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Revenues of the Italian manufacturer of luxury sports cars rose by 13.5% in Q2 relative to Q2 2016, to 920 million euros, again in line with expectations.
EBIT reached million euros, up 24%: here, the consensus was expecting slightly less at 264 million euros.
Ferrari also announced deliveries of 2,332 cars over the period, up 5.3% y-o-y.
Finally, the group reiterated its annual targets, which include revenues of over 3.3 billion euros, 8,400 models sold and an adjusted Ebitda of over 950 million euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.