Ferrari 2017 profits soar as sales near 8,400 vehicles

Published: Thursday, February 01, 2018 @ 7:11 AM
Updated: Thursday, February 01, 2018 @ 7:10 AM

Italian sports car maker Ferrari says profits last year rose 34 percent, driven by a surge in V12 sales and vehicle personalization.

Ferrari on Thursday reported 2017 net profit of 537 million euros ($669 million), up from 400 million euros the previous year. Shipments last year rose by 5 percent to 8,398 vehicles, while net revenues increased 10 percent to 3.4 billion euros.

Ferrari aims to top 9,000 vehicles shipments this year and is forecasting revenues above 3.4 billion euros.

The carmaker said fourth-quarter profits rose by a quarter to 136 million euros on a 1 percent increase in revenues to 840 million euros. Shipments rose 4 percent to 2,017.

Sales were flat only in China, Taiwan and Hong Kong, due to a decision to terminate the Hong Kong distributor.

Trending - Most Read Stories

Glassdoor names 50 most beloved CEOs in America

Published: Wednesday, June 08, 2016 @ 5:41 PM
Updated: Wednesday, June 08, 2016 @ 5:01 PM

H-E-B's Charles C. Butt made the list of America's 50 most beloved CEOs.
H-E-B's Charles C. Butt made the list of America's 50 most beloved CEOs.

The chiefs of Facebook, Google, Apple and Texas' beloved H-E-B all made the ranks on job site Glassdoor's list of top-rated CEOs of a large company in the U.S.

Glassdoor determined the 50 rankings by collecting anonymous employee reviews. Beating out well-known names like Facebook's Mark Zuckerberg, is Bob Bechek at No. 1. Bechek is the worldwide managing director of Bain & Company, a management consultant firm, and received a 99 percent approval rating from employees surveyed. 

Zuckerberg did make top 10 though, along with LinkedIn's Jeff Weiner, Apple's Tim Cook and Google's Sundar Pichai. A bit further down the list at No. 19 is H-E-B's CEO Charles C. Butt, who received a 95 percent approval rating. 

Satisfied employees gave reviews like "H-E-B has always been hreat with allowing Partners to have a flexible schedule" while negative reviews said the company is "very demanding" and "has you work full-time hours while keeping you on part-time status."

To see who else made the list and what employees had to say about each company, you can go here. 

Trending - Most Read Stories