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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) คามากร้า ราคา. Net profit declined by 13% to €609 million in 2020, a figure higher than analysts’ expectations.
It is notably thanks to the 4th quarter that Ferrari was able to limit breakage, with net profit jumping 58% to 263 million euros. Deliveries increased by 13% to 2,679 vehicles, resulting in a 15% increase in turnover to 1.07 billion euros. Europe-Middle East-Africa remained the leading market in 2020, with 4,818 vehicles delivered over the year, a 2% decline https://ed-danmark.com/koeb-kamagra-... As for the American and Asian markets, deliveries fell by 20% and 45% respectively.
The group is already anticipating 2021 results with an Ebitda of between €1.45 and €1.50 billion for a revenue of around €4.3 billion, provided that its production activities are not again suspended by new health restrictions.
The group said on Tuesday that production had resumed according to plan in the second half of the year and that orders for its cars have reached record levels, up 22% on last year.
In November, at the time of the third quarter results, Mr. Camilleri, former CEO, confided that Ferrari should enter 2021 with a very good order book, adding that “we should have a fairly solid year”.
However, Citi analysts have stated that the year 2021 promises to be more problematic despite encouraging results in the 4th quarter.
“The forecasts are somewhat disappointing, in our opinion,” they said, “including the forecast of free cash flow of €350 million compared to cash generation of €675 million in 2019”.
The shares of Ferrari, listed in Milan, fell by 3%.
Note that the Italian manufacturer is still looking for a new CEO following the departure of Louis Camilleri in December. John Elkann, Ferrari’s interim president and CEO, told analysts that he has set up a search committee for this purpose.
“We want to take the necessary time to find the best possible CEO,” said the descendant of the Agnelli family, which controls Ferrari through its holding company EXOR.
Read also > LUXURY AUTOMOBILE : FERRARI ACCELERATES IN THE THIRD QUARTER
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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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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 više informacija.
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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