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Back to topFerrari confirms FY guidance as news CEO takes the wheel
apr-news-Ferrari-Headquarter
Wednesday, 1 August 2018
Ferrari confirms FY guidance as news CEO takes the wheel
REUTERS - Italian supercar maker Ferrari (RACE.MI) reported a 7 percent rise in second-quarter adjusted core earnings, helped by sales of the 812 Superfast model and the 488 family, and confirmed its outlook for the full year.
In the first set of results presented by newly-appointed Chief Executive Louis Camilleri, the company said adjusted earnings before interest, tax, depreciation and amortization (EBITDA) rose to 290 million euros ($339 million) in the quarter, in line with a Thomson Reuters SmartEstimate of 286 million euros.
Profit margins rose to 31.9 percent from 29.4 percent.