Ferrari: FY Ebitda target raised.
(CercleFinance.com) - Italian luxury carmaker Ferrari said on Thursday that it was raising its full-year EBITDA target, now aiming for adjusted Ebitda of 1 billion euros in 2017.
The group previously said it was expecting adjusted Ebitda of over 950 million euros this year.
The Maranello-based company announced that it had record third quarter, with adjusted EBITDA up 13% at 266 million euros, and net revenues up 6.7% at 836 million dollars.
Total shipments rose 3.4%, or 68 vehicles units, to 2,046 vehicles over the quarter.
Ferrari shares - listed on the Nasdaq - were down 3% at 116.4 dollars after these results.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The group previously said it was expecting adjusted Ebitda of over 950 million euros this year.
The Maranello-based company announced that it had record third quarter, with adjusted EBITDA up 13% at 266 million euros, and net revenues up 6.7% at 836 million dollars.
Total shipments rose 3.4%, or 68 vehicles units, to 2,046 vehicles over the quarter.
Ferrari shares - listed on the Nasdaq - were down 3% at 116.4 dollars after these results.
Copyright (c) 2017 CercleFinance.com. All rights reserved.