Ferrari profit up 9% in 2015

Earnings up to 2.85 bn

(ANSA) - Turin, February 2 - Ferrari posted 2015 net profit 9% up on 2014, at 290 million euros, the company said Tuesday.
    Ferrari posted 2015 earnings of 2.85 billion euros compared to 2.45 in 2014. Car deliveries were 6% up at 7,664.
    Ferrari's free cash flow for 2015 was 390 million euros.
    Its net debt at the end of 2015 stood at 1.9 billion euros.
    Ferrari said it saw its earnings in 2016 at 2.9 billion euros and car deliveries at 7,900.
    The glamour sportscar maker's accounts were approved at a board meeting chaired by President Sergio Marchionne.
    Ferrari stock dropped 7% in Milan after the results were released.


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