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Ferrari’s Adjusted Earnings Rise 18%
Ferrari NV reports an 18% jump to €1 billion ($1.3 billion) in its 2017 earnings before interest, tax, depreciation and amortization.
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Ferrari NV reports an 18% jump to €1 billion ($1.3 billion) in its 2017 earnings before interest, tax, depreciation and amortization.
The supercar maker forecasts that its EBITDA this year will reach at least €1.1 billion ($1.4 billion). The company expects its unit sales in 2018 will grow 7% to more than 9,000 cars and revenue will surpass €3.4 billion ($4.2 billion).
Ferrari, which spun off from Fiat Chrysler Automobiles NV two years ago, predicts it will shed all debt by 2021 and double its EBITDA to €2 billion by 2022. The forecast assumes average annual growth of 14%.
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