Ferrari's Q3 revenues jump 18% to €1.05B

# 02 November 2021 20:20 (UTC +04:00)

Ferrari announced on Tuesday its net revenues soared 18.6% on an annual basis to reach €1.05 billion in three months ending September, APA reports citing Teletrader.

Meanwhile, the Italian luxury car maker's net profit came in at €207 million in the same quarter, soaring 21% year-over-year to translate to diluted earnings per share of €1.11. The firm's total shipments amounted to 2,750 units in the third fiscal trimester, up by 18.9% compared to the same three-month period in 2020.

"The strong third quarter results are an important step forward towards the upward revised 2021 guidance. The exceptional client relationships, fundamental in achieving the double digit growth in this quarter and year to date, are reflected in the record order intake worldwide, particularly in China and USA," Ferrari CEO Benedetto Vigna commented.