Ferrari NV's second quarter profit jumped 24 percent as the Italian supercar maker benefited from demand for its special editions, including the US$2.1 million LaFerrari Aperta convertible, while preparing to expand beyond sports cars.
Adjusted earnings before interest, taxes, depreciation and amortization rose to £270 million (US$320 million) from £217 million a year earlier, Ferrari said in a statement on Wednesday, beating the average £262 million estimate of six analysts surveyed by Blomberg.
The carmaker reiterated its target for 2017 profit on that basis to exceed £950 million.
CEO Sergio Marchionne said in March that the figure could reach more than £1 billion.
Ferrari is considering adding a roomy four seat "utility vehicle" as part of a major expansion push beyond its traditional supercar niche in a bid to double profit by 2022, people familiar with the matter said this week.
A five year plan that includes the model would also pish annual deliveries beyond a self imposed limit of 10,000 cars, according to the people. The company on Wednesday stuck to a target to boost deliveries this year to 8,400 vehicles.
The brand, which moved its legal headquarters to the Netherlands when it was spun off from Fiat Chrysler Automobiles NV last year, has already outlined plans to bring out more limited edition models this year to celebrate its 70th anniversary.
Blomberg/ Milan
Adjusted earnings before interest, taxes, depreciation and amortization rose to £270 million (US$320 million) from £217 million a year earlier, Ferrari said in a statement on Wednesday, beating the average £262 million estimate of six analysts surveyed by Blomberg.
The carmaker reiterated its target for 2017 profit on that basis to exceed £950 million.
CEO Sergio Marchionne said in March that the figure could reach more than £1 billion.
Ferrari is considering adding a roomy four seat "utility vehicle" as part of a major expansion push beyond its traditional supercar niche in a bid to double profit by 2022, people familiar with the matter said this week.
A five year plan that includes the model would also pish annual deliveries beyond a self imposed limit of 10,000 cars, according to the people. The company on Wednesday stuck to a target to boost deliveries this year to 8,400 vehicles.
The brand, which moved its legal headquarters to the Netherlands when it was spun off from Fiat Chrysler Automobiles NV last year, has already outlined plans to bring out more limited edition models this year to celebrate its 70th anniversary.
Blomberg/ Milan
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