Ferrari closed the third quarter with net revenues of 1.05 billion euros, up 18.6% compared to the previous year and 15.1% compared to the third quarter of 2019: for the first time in its own history, the Maranello house exceeds one billion in net revenues in the period considered.
Total deliveries are 2,750, up 18.9% compared to the third quarter of 2020 and 11.2% compared to the third quarter of 2019. Net profit was 207 million, up 21%.
The EBITDA is equal to 371 million euros, up by 12.4% compared to the previous year and by 19.6% compared to the third quarter of 2019. The EBITDA margin is equal to 35.2%. EBIT amounted to 270 million, an increase of 21.8% compared to the previous year and 19.2% compared to the third quarter of 2019. The EBIT margin was 25.7%. The generation of industrial free cash flow was very strong, amounting to 242 million euros.
«The strong third-quarter results are an important step towards the 2021 guidance revised upwards. Outstanding customer relationships, the key to delivering double-digit growth in the quarter and year to date, are reflected in record order intake globally, particularly in China and the US. These results, with the solidity of our vision and the team that I have the honor to lead, allow me to look to the future with great confidence and optimism, “said Benedetto Vigna, CEO of the Maranello (Modena) company.
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