In his latest research note, analyst Nicolai Kempf confirms his positive recommendation. The broker Deutsche Bank is keeping its Buy rating. The target price differs slightly and is now set at EUR 450 versus EUR 460.
Ferrari N.V. is a holding company organized around 3 areas of activity:
- manufacturing and sale of luxury sports vehicles (85.8% of net sales): 458 Italia, 488 GTB, 458 Spider, 488 Spider, F12 Berlinetta, 458 Speciale, 458 Speciale A, California T and Ferrari FF. The group also provides spare parts;
- sponsorship activity (10%) ;
- other (4.2%).
Net sales are distributed geographically as follows: Italy (6.9%), the United Kingdom (9.8%), Germany (8.2%), Europe-Middle East-Africa (22.3%), the United States (28.8%), Americas (3.9%), China-Hong Kong-Taiwan (8.1%), Asia-Pacific and Australia (12%).
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Investor
Investor
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Global
Global
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Quality
Quality
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