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Ferrari's core profit rises 7%, helped by product mix, personal touches
A richer model lineup and increased demand for personalisation continued to support growth at Ferrari, which on Tuesday reported a 7% core earnings increase in the third quarter, despite a slight drop in car shipments.
Ferrari's core profit rose 7% in Q3 supported by product mix, personalisations
Ferrari said on Tuesday its core earnings rose 7% in the third quarter, despite a slight decrease in vehicle shipments, as the luxury sports car maker continued to benefit from a richer product offer and increased demand for personalisation.
Ferrari's Core Profit Rises Despite Shipment Dip After Software Switch
The Italian company switched over the summer to a new enterprise resource planning (ERP) method, a type of software system helping organisations automate and manage and improve their business processes. Ferrari has replaced its two previous systems, one for sales and one for production, with a new single one.
Ferrari Q2 Results: Core profit rises 7%, helped by product mix, personal touches
Ferrari said on Tuesday its core earnings rose 7% in the third quarter, despite a slight decrease in car shipments, as the luxury sports car maker continued to benefit from a richer product offer and increased demand for personalisation.
1d
on MSN
Mercedes baffled by Lewis Hamilton’s cryptic radio message – but have Ferrari signed a busted flush?
A cryptic radio message from Lewis Hamilton to his team, which was not broadcast until after Sunday’s Brazilian Grand Prix, ...
5d
on MSN
F1 News: Audi Announces Major Signing Of Former Ferrari Director
Audi F1 has confirmed the major signing of former Ferrari chief strategist Inaki Rueda ahead of its takeover of Sauber in ...
2d
Ferrari stock forms a dangerous pattern ahead of earnings
Ferrari (RACE) stock price has done well this year, rising by 40%, and making it one of the best-performing players in the ...
10h
Ferrari stock slides as China deliveries hit roadblock
Ferrari stock slipped on Tuesday after the Italian luxury automaker reported third quarter results that were in line with ...
5d
on MSN
F1 News: Ferrari Drivers Set Sights On First Constructors' Championship Win Since 2008
Carlos Sainz shared that he and teammate Charles Leclerc are motivating each other to secure Ferrari's first Constructors' ...
17h
Ferrari Slows Down, Q3 Shipment Drop Hits the Brakes On Stock Growth
Ferrari N.V. stock fell after reporting Q3 results and revised outlook. Revenues up 6.5% YoY, EPS beats estimates. Strong ...
18h
Ferrari Q3 Earnings: Lower Shipments Is Great News
Ferrari's strategy focuses on exclusivity and high-margin personalization with a significant order book extending into 2026 ...
Sportscar365
1d
Ferrari Explains Background Behind No. 51 Car Penalty
Antonio Giovinazzi, sharing the No. 51 Ferrari 499P with James Calado and Alessandro Pier Guidi, crossed the line second in ...
17h
Ferrari Defies Wider Auto Industry Malaise With Higher Sales, Earnings
Ferrari posted higher sales and earnings in the third quarter and said it was more confident that it would hit its annual ...
20h
on MSN
Ferrari Shipments Decline With China Slump Taking Toll
Ferrari NV said shipments of its luxury cars declined in the third quarter as the Italian manufacturer got caught up in the downturn hitting the rest of the industry.
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