Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Exor N.V.    EXO   NL0012059018

EXOR N.V.

(EXO)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

New Roma model joins Ferrari's 'prancing horse' stable

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/14/2019 | 08:56am EST
A new Ferrari car

Ferrari on Thursday rolled out the Roma, a record fifth new model announced this year, as the Italian luxury carmaker with the famous "prancing horse" logo looks to sustain profit and share price growth.

The new grand tourer (GT) made its debut in an event inspired by director Federico Fellini's 1960 film "La Dolce Vita" held at Foro Italico, Rome's monumental sports centre and site of the 1960 Olympic games.

GTs are designed to be more comfortable on long journeys than sports cars and some GTs from the 1960s among the most popular models at auctions of Ferraris.

Ferrari has said that GT models could make up about 40% of its total sales by 2022, up from 32% now.

The Roma is a 2+ coupé, meaning it has two small rear-seats.

It will cost "slightly" above 200,000 euros in Italy with deliveries expected to start just before the summer of 2020, Chief Marketing and Commercial Officer Enrico Galliera said, which puts the Roma at the lower end of the company's price range.

It features a 620-horsepower, 3.855 litre eight cylinder, mid-front mounted engine.

"The car's power to weight ratio of 2.37 kilos per horse power, the best in its segment, makes it light and easy to drive," Galliera said.

Ferrari said the design was meant to be "a contemporary representation of the carefree, pleasurable way of life that characterised Rome in the 1950s and 1960s."

Chief Design Officer Falvio Manzoni said the Roma would not carry a Ferrari badge on the side of the car.

"The idea was to make the Roma's shape as simple as possible," he said.

This year's other new releases include another GT, the 812 GTS, presented in September, which the company described as a return for a model type that has played a "pivotal role in the marque's history", as well as the F90 Stradale, Ferrari's first hybrid car in series production.

CEO Louis Camilleri said last week the hybrid SF90 Stradale was attracting "huge interest" despite initial scepticism by clients used to roaring combustion engines.

Ferrari said last year that it wanted 60% of its cars sold by 2022 to be hybrids.

It has also promised several special edition hybrid cars and a utility vehicle, the Purosangue, which is expected by late 2022 as it seeks to almost double core earnings and boost margins to above 38%, without sacrificing exclusivity.

A full-electric vehicle is also being considered but is unlikely to arrive before 2023.

Ferrari is set to slow the roll-out of new vehicles in the coming years, as it planned to launch 15 models between 2019 and 2022, while achieving a significant increase in average retail price.

"2020 will be a year of consolidation for us, we want to make sure that our clients understood the market positioning of all the models we launched this year," Galliera said.

Chairman John Elkann has said that Ferrari, which shipped fewer than 10,000 cars last year, would not try to chase German rival Porsche which makes more than 250,000 sports cars and SUVs annually.

To capitalise further on its name, Ferrari plans new apparel and accessory collections, entertainment offers, and luxury products and services for clients.

By Giulio Piovaccari

Stocks mentioned in the article
ChangeLast1st jan.
EXOR N.V. -0.72% 68.78 End-of-day quote.46.59%
FERRARI -1.38% 163.93 Delayed Quote.64.85%
HUDSON'S BAY COMPANY 2.66% 8.88 Delayed Quote.18.66%
PORSCHE AUTOMOBIL HOLDING SE 1.56% 68.88 Delayed Quote.33.39%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EXOR N.V.
12/03CNH Industrial's Iveco unveils first electric truck in partnership with Nikol..
RE
12/03Exor Buys Controlling Stake in La Repubblica Publisher GEDI
DJ
12/02EXOR N : Agreement signed for the sale to Exor of CIR's 43.78% shareholding in G..
PU
11/22Peugeot still aims to sign merger deal with Fiat this year - source
RE
11/22Peugeot still aims to sign merger deal with Fiat this year
RE
11/21Fiat-Peugeot deal would boost Exor's coffers to 3.6 billion euros in 2022
RE
11/20EXOR N : 2019 Exor Investor Day November 20, 2019
PU
11/19PSA trade unions give the nod to merger with Fiat
RE
11/19PSA trade unions give the nod to merger with Fiat
RE
11/14New Roma model joins Ferrari's 'prancing horse' stable
RE
More news
Financials (EUR)
Sales 2019 152 B
EBIT 2019 10 234 M
Net income 2019 2 786 M
Debt 2019 2 405 M
Yield 2019 0,68%
P/E ratio 2019 5,89x
P/E ratio 2020 8,63x
EV / Sales2019 0,12x
EV / Sales2020 0,16x
Capitalization 15 928 M
Chart EXOR N.V.
Duration : Period :
Exor N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EXOR N.V.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Average target price 75,63  €
Last Close Price 68,78  €
Spread / Highest target 19,2%
Spread / Average Target 9,96%
Spread / Lowest Target -6,95%
EPS Revisions
Managers
NameTitle
John Jacob Philip Elkann Chairman & Chief Executive Officer
Enrico Vellano Chief Financial Officer
Andrea Agnelli Non-Executive Director
António Mota De Sousa Horta-Osório Independent Non-Executive Director
Laurence Debroux Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
EXOR N.V.46.59%17 718
SAIC MOTOR CORPORATION-11.81%39 676
MARUTI SUZUKI INDIA LTD-6.33%30 778
FERRARI64.85%30 389
FIAT CHRYSLER AUTOMOBILES4.04%23 236
BYD COMPANY LIMITED-23.12%15 758