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Stock impact report

After a Strong 2017, Ferrari Aims to Double Profit [The Motley Fool]

Ferrari N.V. Common Shares (RACE) 
Last ferrari n.v. common shares earnings: 2/4 05:58 am Check Earnings Report
US:NYSE Investor Relations: corporate.ferrari.com/en/investors
Company Research Source: The Motley Fool
Ferrari did very well in 2017, and it's aiming to do a lot better in 5 years. Italian supercar maker Ferrari N.V. ( NYSE:RACE ) said on Feb. 1 that its adjusted earnings before interest, tax, depreciation, and amortization (adjusted EBITDA) rose 18% in 2017, to 1.04 billion euros, on a modest increase in sales and stronger sales of its most profitable vehicles.  That result was in line with analysts' expectations. But it's worth noting that Ferrari reached the 1-billion-euro adjusted EBITDA mark two years earlier than it had forecast at the time of its initial public offering in 2015. That success led it to announce ambitious profit and cash flow goals for the next five years.  For the fourth quarter, Ferrari's adjusted EBITDA was 258 million euros, up 7% from the year-ago period . Demand for 12-cylinder Ferraris, particularly the new 812 Superfast, helped boost Ferrari's margins in 2017. Image source: Ferrari N.V. The key numbers All financial figu Show less Read more
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