Report
Richard Hilgert
EUR 100.00 For Business Accounts Only

Wide-Moat-Rated Ferrari Benefits From Substantial Pricing Power on Rich F1 Racing Heritage

Wide-moat-rated Ferrari, Formula 1 racer and maker of ultraluxury and exotic sports cars, reported earnings per share before special items of EUR 3.40, EUR 0.20 better than the sell-side consensus, and EUR 0.58 higher than the year-ago EPS result. Revenue was just 0.1% higher at EUR 3.4 billion on a 10% increase in unit volume, while EBITDA grew 8% to EUR 1.114 billion for margin expansion of 230 basis points to an impressive 32.6% versus the prior year. Excluding negative currency translation, ...
Underlying
Ferrari NV

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Richard Hilgert

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