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4-Traders Homepage  >  Equities  >  Nyse  >  Ferrari    RACE   NL0011585146

FERRARI (RACE)
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Ferrari : Brazilian Grand Prix - Making the best of a dry Friday

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11/10/2017 | 08:14pm CET
10 Nov 2017

Seb and Kimi just under the 50-lap mark

Interlagos - Both practice sessions at the Autodromo Carlos Pace turned out to be quite uneventful, as despite the ever-present threat of rain, drivers only had to contend with a few intermittent and harmless drops during FP2. Scuderia Ferrari drivers jumped at the opportunity to rack up the laps of the 4.3 Km circuit, working mostly in preparation for Sunday's race, which is supposed to be run in dry conditions. Sebastian covered 48 laps and Kimi 45.

'I think that in the end we ran more than what we expected as it didn't rain', Seb commented. 'It was nice to be able to do a lot of laps today. We need to find the right balance and this should help us get the pace for the qualifying session and the race, but I still think it won't be easy to defeat our main competitors. We'll see where we get tomorrow'.

'It's only a Friday', said Kimi, 'and as always, we keep trying different things to learn from them. The tires will play a key role here as usual, the performance will depend on how they work and how long they will last. I felt some vibrations at the beginning of my stint, but that's quite normal to have sometimes in the car: usually it comes from tires and different sets. We don't know what the temperatures will be over the rest of the weekend, but we cannot change them anyway and it will be the same for everybody'.

The third and final practice session will start tomorrow at 11 AM local time. There is a high chance of showers.

Ferrari NV published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 19:13:05 UTC.

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Financials ($)
Sales 2017 4 038 M
EBIT 2017 891 M
Net income 2017 615 M
Debt 2017 906 M
Yield 2017 0,79%
P/E ratio 2017 34,10
P/E ratio 2018 31,92
EV / Sales 2017 5,37x
EV / Sales 2018 5,09x
Capitalization 20 788 M
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 110 $
Spread / Average Target 0,41%
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Managers
NameTitle
Sergio Marchionne Chairman & Chief Executive Officer
Alessandro Gili Chief Financial Officer
Michael Hugo Leiters Chief Technology Officer
Amedeo Felisa Non-Executive Director
Piero Ferrari Vice Chairman
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