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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ferrari NV | NYSE:RACE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 9.77 | 2.37% | 421.98 | 422.73 | 416.73 | 417.48 | 217,590 | 01:00:00 |
From Apr 2022 to Apr 2024
Volkswagen's sports-car maker Porsche AG is seen reporting high-teens Ebit margins but won't be able to reach Ferrari's margin, which was around 25% in 2021, Bernstein analysts say in a note. "While EBIT margins are impressive for a car OEM [original equipment manufacturer], they do not reach Ferrari's, are towards the lower end of luxury companies, and have displayed typical cyclicality - especially during downturns," say the analysts about Porsche's margins. German car maker Volkswagen is planning to list part of its Porsche AG subsidiary, which Bernstein gives a fair market value of around EUR75 billion, on the stock market later this year. Porsche delivers around 300,000 cars annually, while Ferrari sells around 11,000 vehicles a year, the analysts say. (kim.richters@wsj.com)
(END) Dow Jones Newswires
June 20, 2022 07:04 ET (11:04 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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