FILE PHOTO – A group of Ferrari owners park their cars to show on display at the SVGT car enthusiast gathering in San Diego, California, U.S., April 28, 2018 REUTERS/Mike Blake/File Photo
MILAN (Reuters) – Italian luxury maker Ferrari on Thursday posted an expected 6 percent rise in fourth-quarter core earnings, helped by positive performance from across its regions.
Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for October-December rose to 274 million euros ($314 million), in line with an analyst consensus, according to Refinitiv data. Sales were up 1 percent at 845 million euros.
For 2019, Ferrari forecast adjusted EBITDA rising around 10 percent to between 1.2-1.25 billion euros compared to last year, while full-year revenues are seen growing more than 3 percent to more than 3.5 billion euros.
($1 = 0.8714 euros)
Reporting by Agnieszka Flak