Mexican Media Brands
Ferrari Posts 20% Hike in Net Profit
Ferrari NV reports its third-quarter net revenue rose 8% to €783 million, and net profit grew 20% to a record €113 million.
#economics
Share
Ferrari NV reports its third-quarter net revenue rose 8% to €783 million, and net profit grew 20% to a record €113 million. Unit sales advanced 2% to nearly 2,000 units.
The company’s adjusted earnings before interest tax, depreciation and amortization for July-September grew 10% to €234 million.
Ferrari, which was spun off in January from Fiat Chrysler Automobiles NV, now expects a full-year adjusted EBITA of about €850 million, up from its previously guidance of €800 million. The company expects to sell 8,000 cars and generate €3 billion in revenue this year.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.