Ferrari (RACE) Misses Q3 EPS by 5c; Shipments Rose 1.5%
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A Record Third Quarter
November 7, 2016 6:43 AM ESTMARANELLO, Italy, Nov. 7, 2016 /PRNewswire/ --
Total shipments reached 1,978 units, up 29 units (+1.5%) Net revenues grew 8.3% (+7.9% at constant currencies) to Euro 783 million Adjusted EBITDA(1) of Euro 234 million, margin now at 30% Adjusted EBIT(1) of Euro 172 million, 260 bps margin... MoreFerrari and FCA Bank Finalized Agreement to Provide Financial Services in Europe
November 7, 2016 6:31 AM ESTMARANELLO and TURIN, Italy, Nov. 7, 2016 /PRNewswire/ -- Ferrari Financial Services S.p.A. ("FFS S.p.A."), an Italian indirect subsidiary of Ferrari N.V. ("Ferrari") (NYSE: RACE; MTA: RACE), and FCA Bank S.p.A. ("FCAB") today announced that FCAB has acquired a majority stake in Ferrari Financial... More
