Ferrari (RACE) Tops Q1 EPS Views; Updates FY16 Outlook
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Ferrari NV: Strongest Ever Q1, on the Way to Another Record Year
May 2, 2016 9:48 AM EDTMARANELLO, Italy, May 2, 2016 /PRNewswire/ --
Total shipments reached 1,882 units, up 15% Net revenues grew 8.8% (+8.4% at constant currencies) to Euro 675 million EBIT of Euro 121 million, 250bps margin increase Net profit up 19% to Euro 78 million Net industrial debt[1] slightly down from year end 2015 at Euro 782 millionÂ
Â
(In Euro million unless otherwise stated)
For the three months ended March 31,
... MoreFerrari Announces CEO Succession
May 2, 2016 9:40 AM EDTMARANELLO, Italy, May 2, 2016 /PRNewswire/ --Â Ferrari N.V. ("Ferrari" or "Company") (NYSE/MTA: RACE) announces the retirement of its Chief Executive Officer, Mr. Amedeo Felisa, after 26 years of dedicated service. Mr. Sergio Marchionne will assume those responsibilities while... More
