Ferrari’s 3rd quarter: 171 million in profits equal to +1%

Ferrari’s 3rd quarter: 171 million in profits equal to +1%

Ferrari closed its 3rd quarter with profits up, compared to the same period of 2019. In the last three months, the “Cavallino delivered 161 less cars compared to 2019’s 3rd quarter, but the company has forecasted an increment for the upcoming weeks.

Ferrari’s 3rd quarter

Ferrari closed the last quarter with net profits of 171 million euro, up 1% compared to 2019’s same period. The automaker delivered 2,313 vehicles, 161 less than the previous year, with revenue down by 3% to 888 million euro. That being said, revenue from the manufacturer’s core business were up by 2.6% thanks to the delivery of the Ferrari Monza SP1 and SP2.

The comment

“Even with the potential turbulence caused by the worsening of the pandemic, we remain positive”, said the CEO Louis Camilleri to Italia Oggi. “Positive that we will achieve the objectives we had set for ourselves for the full year. This means that we will have a very strong 4th quarter that will break records in terms of overall volume, revenue and EBITDA. A concrete proof that we are working well on all fronts and have gone beyond the initial issues that we had to face when trying to industrialize the manufacturing process for the SF90 Stradale”.

Image taken from ferrari.com

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