Ferrari plans to launch 15 new models by 2022, and the company expects the average retail price for its vehicles to increase "significantly." However, Ferrari's new CEO tempered some of predecessor Sergio Marchionne's most ambitious goals, softening a key profit target while delaying a long-awaited hybrid SUV by a couple of years.
Ferrari now expects earnings before interest, tax, depreciation and amortization to be in a range of 1.8 billion ($2.1 billion) to 2 billion euros in 2022, CEO Louis Camilleri told investors on Tuesday.
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