Ferrari hits 100 on the stock market by taking advantage of the dollar's recovery and the wait for the quarterly accounts which will be released on November 2nd. The shares of the Prancing Horse updated the new highs in Milan, reaching a top of 100,5 euros (to then close at 99,8 euros, up 1,4% compared to yesterday).
The movement of the dollar, which recovered about 1,7% against the euro in two days, contributed to the run of the share given that in North America, according to the last half-year, the Prancing Horse makes about a quarter of the own turnover.
As regards the accounts, the consensus of analysts indicates 828 million euros in revenues (783 a year ago) with an ebitda margin of 30% and a net profit close to 130 million in the third quarter of the year (from 113).
