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Topic

luxury carmaker

Ferrari postpones 2022 targets due to pandemic, shares dip

Ferrari postpones 2022 targets due to pandemic, shares dip

Published 04 May, 2021 06:53pm
  • A Milan-based trader said the target postponement was not good news, since Ferrari shares were not cheap.
  • "This has raised concerns that the COVID-19 impact on the company could be greater than expected," he said.
Luxury carmaker Ferrari says FY 2020 core profit fell 10pc

Luxury carmaker Ferrari says FY 2020 core profit fell 10pc

Published 02 Feb, 2021 05:41pm
  • The 'Cavallino Rampante'- or 'Prancing Horse'- said its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) stood at 1.143 billion euros ($1.38 billion) last year.
  • In line with a guidance of around 1.125 billion euros the company provided in November.
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