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OFFON

FERRARI N.V.

(RACE)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 05/11 03:07:42 pm
198.02 USD   -0.77%
05/10FERRARI Ná : Share Repurchases Continue
MT
05/10FERRARI N.V. : Periodic report on the buyback program
GL
05/10Brembo targets 18.5%-19% core earnings margin after strong Q1
RE
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Ferrari Backs 2021 Outlook After 1Q Earnings, Revenue Rise

05/04/2021 | 08:26am EDT

By Kim Richters

Ferrari NV said Tuesday that its revenue and earnings rose in the first quarter and it expects to reach the higher end of full-year guidance.

Net profit for the quarter was 205 million euros ($247.3 million) compared with EUR166 million a year earlier, the Italian sports-car maker said.

Earnings before interest, taxes, depreciation and amortization rose 19% to EUR376 million, while earnings before interest and taxes increased 21% to EUR266 million.

Revenue for the period rose 8% to EUR1.01 billion.

For 2021, the car maker said it expects to meet the top end of its outlook which includes annual revenue of around EUR4.3 billion and adjusted Ebitda of between EUR1.45 billion and EUR1.50 billion.

Ferrari said its financial targets for 2022 have been postponed by a year due to the effects of the coronavirus pandemic.

At 1157 GMT, shares in Ferrari were trading down 4.4% at EUR174.60.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

05-04-21 0825ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -1.40% 34237.38 Delayed Quote.13.63%
FERRARI N.V. -0.65% 198.11 Delayed Quote.-13.05%
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More news
Financials
Sales 2021 4 284 M 5 210 M 5 210 M
Net income 2021 785 M 955 M 955 M
Net Debt 2021 1 413 M 1 718 M 1 718 M
P/E ratio 2021 38,4x
Yield 2021 1,28%
Capitalization 30 373 M 36 867 M 36 940 M
EV / Sales 2021 7,42x
EV / Sales 2022 6,85x
Nbr of Employees 4 558
Free-Float 48,4%
Chart FERRARI N.V.
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Ferrari N.V. Technical Analysis Chart | MarketScreener
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Technical analysis trends FERRARI N.V.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 182,99 €
Last Close Price 164,41 €
Spread / Highest target 45,0%
Spread / Average Target 11,3%
Spread / Lowest Target -41,7%
EPS Revisions
Managers and Directors
NameTitle
John Jacob Philip Elkann Executive Chairman & Chief Executive Officer
Antonio Picca Piccon Chief Financial Officer
Michael Hugo Leiters Chief Technology Officer
Eduardo H. Cue Independent Non-Executive Director
Sergio Duca Senior Independent Non-Executive Director
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