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

EXOR N.V.

(EXO)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 10/27 07:24:30 am
47.465 EUR   -1.61%
11:44aFACTBOX : Fiat Chrysler, Peugeot merger - how it would work
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05:30aEXOR N : Press Release - Update for the period 19 Oct - 23 Oct 2020
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05:30aEXOR N : Weekly Update for the period 19 - 23 Oct 2020
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Exor N : Ferrari gives GT bestseller a makeover with new Portofino M

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09/16/2020 | 01:10pm EDT
Luxury sports car maker Ferrari unveils its new model

Ferrari rolled out the Portofino M, a modified version of its top-selling gran tourer, on Wednesday as the Italian sportscar maker pursues a rapid turn over of new models despite the coronavirus crisis.

The new car, the first to be launched since Ferrari shut its operations for seven weeks during a COVID-19 lockdown, was launched online, with video presentations outlining its restyling and technical innovations.

The Portofino M convertible grand tourer (GT) features a redesigned powertrain, eight-speed gearbox and a five-position Manettino switch that includes a race mode.

Ferrari, best known for its high performance sportscars, is now aiming to increase sales of GTs, which are designed to be comfortable on longer road trips.

It has said previously that about 40% of total sales could come from GT models by 2022, up from 32%.

Enrico Galliera, Ferrari's chief marketing and commercial officer, told a virtual news conference that deliveries of the Portofino M would start in Europe from the second quarter of next year, with a starting price in Italy of around 206,000 euros ($244,000) - just above the standard Portofino.

After a record five new models last year - including the SF90 Stradale, Ferrari's first hybrid car in series production - the Portofino M is the seventh in a pipeline of 15 models promised in Ferrari's 2018-2022 plan.

"We're planning another launch before the end of the year and the remaining (seven) in the next two years. Despite some delays that occurred to our product development because of the closing down of the factories we're maintaining the plan as originally presented," Galliera said.

The carmaker, controlled by Exor, the holding company of Italy's Agnelli family, has also pledged that 60% of its cars sold by 2022 would be hybrid.

A full-electric model, however, is not expected until after 2025, as the battery technology requires more development and the group needs to prepare customers more used to roaring engines than a quiet drive.

(Reporting by James Mackenzie and Valentina Za; Editing by Mark Potter and Alexander Smith)


Stocks mentioned in the article
ChangeLast1st jan.
EXOR N.V. -1.64% 47.45 Delayed Quote.-30.17%
FERRARI N.V. -2.40% 185.42 Delayed Quote.12.01%
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All news about EXOR N.V.
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10/12EXOR N : Weekly Update for the period 5 Oct - 9 Oct 2020
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Financials
Sales 2020 156 B 185 B 185 B
Net income 2020 831 M 981 M 981 M
Net Debt 2020 3 000 M 3 544 M 3 544 M
P/E ratio 2020 14,0x
Yield 2020 0,89%
Capitalization 11 158 M 13 186 M 13 181 M
EV / Sales 2020 0,09x
EV / Sales 2021 8,51x
Nbr of Employees 268 979
Free-Float 43,1%
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Technical analysis trends EXOR N.V.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Average target price 66,83 €
Last Close Price 48,65 €
Spread / Highest target 56,2%
Spread / Average Target 37,4%
Spread / Lowest Target 23,1%
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.-29.57%13 320
BYD COMPANY LIMITED249.81%53 646
SAIC MOTOR CORPORATION LIMITED-11.28%37 129
FERRARI N.V.14.76%35 097
MARUTI SUZUKI INDIA LTD-3.60%29 067
FIAT CHRYSLER AUTOMOBILES N.V.-15.87%20 683