Ferrari first quarter with profits up to 78 million

First quarter growth for the accounts of Ferrari: the Maranello recorded in the first quarter net profit to 78 million euro, a record for a first quarter, with an increase of 19% over the same period of 2015 while revenues in 675 million with an increase of 8.8%. Declining net industrial debt, which in late March is 782 million. Total deliveries of cars have reached 1,882 units, an increase of 15%.

The Modena home found that sales growth was driven by the 21% of the sales of the models 8-cylinder (V8), helped by the success of the recent launch of new models: the 488 GTB, and the 488 Spider. Geographically, it is Europe, the Americas and China recorded a growth trend. On the market, the accounts have been well received (the title) for the raising of the objectives for year-end: now you look at a gross operating profit (excluding extraordinary items) of at least 800 million.

Confirming the rumors this morning, the company announced that Sergio Marchionne will be the new CEO of Cavallino, replacing Amedeo Felisa who leaves the company after 26 years.