UBS Remains Bullish on Ferrari (RACE) and Raises Price Target to $50
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May 2, 2016 10:22 AM EDT
MARANELLO, Italy, May 2, 2016 /PRNewswire/ --Â Ferrari Financial Services S.p.A. ("FFS S.p.A."), an Italian indirect subsidiary of Ferrari N.V. ("Ferrari") (NYSE/MTA: RACE), and FCA Bank S.p.A. ("FCAB") today announced that they have signed a memorandum of understanding ("MoU") for FCAB to... More
May 2, 2016 9:48 AM EDT
MARANELLO, 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 million
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(In Euro million unless otherwise stated)
For the three months ended March 31,
...
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May 2, 2016 9:40 AM EDT
MARANELLO, 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
