Ferrari ups earnings outlook amid robust demand for high-margin models

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Ferrari ups earnings outlook amid robust demand for high-margin models
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Italian luxury-car maker reports fourth-quarter profit that beats analyst estimates

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Ferrari has raised its outlook on strong demand for high-margin models like its new €390,000 Purosangue crossover.

The Italian luxury-car maker expects adjusted earnings before interest, taxes, depreciation and amortisation of as much as €2.18bn this year, up from €2bn announced in June. Ferrari also reported fourth-quarter sales and operating profit that beat analyst estimates...

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