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Luxury cars: Ferrari achieves its 2020 objectives!

Luxury cars: Ferrari achieves its 2020 objectives!

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Despite the pandemic Ferrari has managed to pull through with solid results for its year 2020. The manufacturer already anticipates an increase in its results for 2021 after having exceeded all its objectives in 2020. 

 

Ferrari delivered a total of 9,119 vehicles worldwide in 2020, down 10% due to a 7-week production stoppage in March, right in the middle of the pandemic.

 

The Italian manufacturer thus posted an Ebitda of 1.143 billion euros (-10%) with a turnover of 3.46 billion euros, down 8.1% (against 3.45 billion expected by analysts). Net profit declined by 13% to €609 million in 2020, a figure higher than analysts’ expectations.

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Featured Photo: © Ferrari

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