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Ferrari’s Serene Progress Expected To Continue After Brief Hiccup

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Ferrari News

China,HSBC Research,Bernstein Research

As a former European Automotive correspondent for Reuters, I’ve a spent a few years writing about the industry. I will penetrate the corporate hype and bluster and find out how these gigantic enterprises are really doing. I also love to drive their magnificent machines, and their more modest ones. I’ll be telling you if the technology works, too.

investors are used to being pleasantly surprised by its financial results, but its latest earnings report wasn’t quite rock-solid enough and some investors rushed for the exits.

Ferrari reported adjusted earnings before interest, taxes, depreciation and amortization rose 13% to €605 million in line with analyst’s expectations. Ferrari’s EBITDA guidance for the year was unchanged. Bernstein said because Ferrari’s order book is so strong it can easily switch deliveries between lower and higher price vehicles to keep the earnings trajectory under control., said the Italians continue to lead for investors because of its earnings stability. Unlike most automakers Ferrari, because of its extended order book, doesn’t have to contend with profit volatility.

One possible area for volatility is the China market, and again Ferrari looks the least exposed as reports circulate that the country may respond to any imposition of increased tariffs on its electric cars by the European Union with tariffs on luxury car imports with big ICE engines.

Source: News Formal (newsformal.com)

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