Mexican Media Brands
Ferrari’s Profits Surge
Ferrari NV sold 2,000 cars in the first quarter, boosting revenue 22% to €821 million ($898 million) and hiking net profit 60% to €124 million ($136 million).
#economics
Share
Ferrari NV sold 2,000 cars in the first quarter, boosting revenue 22% to €821 million ($898 million) and hiking net profit 60% to €124 million ($136 million).
The iconic supercar maker reports its earnings before interest, taxes, depreciation and amortization climbed 36% to €242 million ($265 million). The company also trimmed its net industrial debt 11% to €578 million ($632 million).
Ferrari generates half its sales in Europe and the Middle East. The Americas account for about 25% of total volume. The company expects to sell 8,400 cars in 2017, generate more than €3.3 billion in net revenue and achieve adjusted EBITDA greater than €950 million ($1 billion).
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future