Ferrari Targets Profit Jump on $2.1 Million LaFerrari Aperta
- Deliveries this year targeted at about 8,400 vehicles
- Quarterly adjusted Ebitda surged 38%, pushing 2016 to record
A LaFerrari Aperta automobile, produced by Ferrari NV, sits on the company's stand during the second press day of the Paris Motor Show at Porte de Versailles exhibition center in Paris, France, on Friday, Sept. 30, 2016. Ford Motor Co. and Rolls-Royce are among the companies skipping the car show, also known as Mondial de L'Automobile, as the once-unmissable event succumbs to changes sweeping the auto industry.
Photographer: Jasper Juinen/BloombergFerrari NV plans to increase profit by at least 8 percent this year with more special-edition supercars such as the $2.1 million LaFerrari Aperta, which helped revenue and earnings reach records in 2016. The shares rose to their highest price ever.
Adjusted earnings before interest, taxes, depreciation and amortization in 2017 will increase to more than 950 million euros ($1.02 billion) from the 880 million euros posted last year, the Italian manufacturer said Thursday in a statement. Fourth-quarter earnings on that basis surged 38 percent to 251 million euros, beating the average 224 million-euro estimate of seven analysts surveyed by Bloomberg.