Tags: EU | Earns | Ferrari

Luxury Sports Carmaker Ferrari 2Q Profits Soar 14%

Friday, 02 August 2019 07:38 AM

MILAN (AP) — Ferrari says second-quarter profits rose 14% on higher deliveries, driven by its Portofino and 812 Superfast brands.

The Italian luxury sports car manufacturer said Friday that net profit in three months to end-June came in at 184 million euros ($204 million), up from 160 million in the same period last year.

Net revenues were up nearly 9% at 984 million euros. Total shipments were 2,671, an increase of 8% over the previous year.

Sales dropped by 6% in the Americas to 803 vehicles due to model shifts in the 488 family. Europe and the Middle East, the largest market, grew by 11% to 1,195 vehicles.

Ferrari confirmed its full-year revenue targets of above 3.5 billion euros and earnings before tax and interest of between 1.2 billion and 1.5 billion euros.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Ferrari says second-quarter profits rose 14% on higher deliveries, driven by its Portofino and 812 Superfast brands.The Italian luxury sports car manufacturer said Friday that net profit in three months to end-June came in at 184 million euros ($204 million), up from 160...
EU,Earns,Ferrari
132
2019-38-02
Friday, 02 August 2019 07:38 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved