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
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
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.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.