Ferrari Shows Strong Financial Position with Solid Balance Sheet | General News

Ferrari Reports Impressive Profit and Turnover for Q3 2021

Italian sports car manufacturer Ferrari has announced a profit of 423 million euros in its balance sheet for the third quarter of the year. This achievement exceeds market expectations and demonstrates the brand’s strong performance in the luxury car market.

In addition to the impressive profit figure, Ferrari’s turnover for the third quarter reached 1.54 billion euros. These financial results highlight the resilience and profitability of the brand despite ongoing challenges in the global economy.

The profit before interest and tax recorded by Ferrari in Q3 was 423 million euros, indicating the company’s ability to manage costs effectively. This positive financial performance is reflected in the profit per share, which stood at 1.82 euros.

Furthermore, Ferrari’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached 595 million euros, further emphasizing the company’s strong financial position.

These results are a testament to Ferrari’s commitment to excellence and innovation in the sports car industry. The brand’s reputation for producing high-performance and luxurious vehicles continues to attract customers and generate substantial profit.

Ferrari’s consistent success in achieving impressive financial results is expected to enhance investor confidence in the company. This may create opportunities for further investments and expansion in the future.

Overall, Ferrari’s Q3 2021 financial report showcases the company’s dedication to maintaining a strong balance sheet. Despite the challenging economic landscape, the luxury car manufacturer has proven its ability to thrive and deliver outstanding results.

 

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