Ferrari shares are marked for floatation this year

Ten percent of Ferrari shares will be offered to the public in the third quarter this year but distribution of the remaining stake to Fiat Chrysler Automobiles (FCA) would wait until the first quarter of 2016, the company has announced.
Delaying the share distribution until early next year means that FCA show 80 percent of Ferrari’s full-year profits in its 2015 results.
The sum could amount to 300 million euros based on 2014 results.
Another 10 percent of the Ferrari shares are owned by Piero Ferrari, son of Enzo Ferrari, the company’s founder.
He plans to keep his holding.
Ferrari’s first-quarter adjusted profit rose 25 percent to 100 million euros, helped by currency effects as the division delivered almost 100 fewer vehicles than a year earlier.
Last year, Ferrari deliveries increased four percent to 7,255 cars.
Thanks to a higher mix due to the LaFerrari limited edition model, revenue increased by 18 percent to a record 2.8 billion euros, and operating profit was up seven percent to 389 million euros, also a record.