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FERRARI N.V.

(RACE)
  Report
Delayed Nyse  -  04:00:02 2023-01-31 pm EST
251.31 USD   +0.02%
01/302023 Corporate Calendar
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01/302023 Corporate Calendar
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01/27Credit Suisse Raises Ferrari's Price Target to $290 From $285 Ahead of Q4 2022 Earnings Announcement, Keeps Outperform Rating
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Ferrari pauses new Purosangue orders amid strong demand - media

11/29/2022 | 10:18am EST
FILE PHOTO: Ferrari CEO Benedetto Vigna unveils the company's new long term strategy, in Maranello

MILAN (Reuters) - Ferrari has temporarily stopped taking orders for its Purosangue SUV as high demand has sent waiting lists for some customers to around two years, Chief Marketing and Commercial Officer Enrica Galliera told the drive.com.au website.

Ferrari unveiled in September the petrol-powered 12-cylinder Purosangue, which the Italian sports car maker prefers to describe as a four-door, four-seater. It pledged to keep the model's sales below 20% of total group shipments over the car's life-cycle to retain a degree of exclusivity.

"It's no secret that we stopped taking orders. We had such an interest without delivering one single car," Galliera was quoted as saying by the Australian website.

"We made a decision that we thought was consistent with the positioning of Ferrari and the model," he added.

Asked for a comment, Ferrari declined to provide further details.

Waiting lists for new Ferraris normally run around 18 months. The company prioritises existing customers when taking orders for new models.

(Reporting by Giulio Piovaccari; Editing by Mark Potter)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
FERRARI N.V. 0.02% 251.31 Delayed Quote.17.31%
TOTALENERGIES SE -1.61% 56.98 Real-time Quote.-2.85%
All news about FERRARI N.V.
01/302023 Corporate Calendar
GL
01/302023 Corporate Calendar
GL
01/27Credit Suisse Raises Ferrari's Price Target to $290 From $285 Ahead of Q4 2022 Earnings..
MT
01/25Ferrari N : Daily details for the period 16 - 20 january 2023
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01/23Ferrari N.v. : Periodic Report on the Buyback Program
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01/23Ferrari N.v. : Periodic Report on the Buyback Program
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01/23US Car Dealer Lithia in Talks to Purchase UK-based Jardine Motors
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01/20Ferrari to Announce 2022 Full Year and Fourth Quarter Financial Results on February 2
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01/19Future passives; Bullard confirms hawkish stance
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01/18Milan the pink jersey; oils lead the Mib
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Analyst Recommendations on FERRARI N.V.
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Financials
Sales 2022 4 998 M 5 428 M 5 428 M
Net income 2022 933 M 1 013 M 1 013 M
Net Debt 2022 1 366 M 1 483 M 1 483 M
P/E ratio 2022 45,4x
Yield 2022 0,62%
Capitalization 42 080 M 45 704 M 45 704 M
EV / Sales 2022 8,69x
EV / Sales 2023 7,78x
Nbr of Employees 4 636
Free-Float 48,4%
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Technical analysis trends FERRARI N.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 231,38 €
Average target price 236,75 €
Spread / Average Target 2,32%
EPS Revisions
Managers and Directors
Benedetto Vigna Chief Executive Officer & Executive Director
Antonio Picca Piccon Chief Financial Officer
John Jacob Philip Elkann Executive Chairman
Davide Abate Chief Technology & Infrastructures Officer
Ernesto Lasalandra Chief Research & Development Officer
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