Ferrari's core profit rose 7% in Q3 supported by product mix, personalisations

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Ferrari's core profit rose 7% in Q3 supported by product mix, personalisations - Channel News Asia

Quick Summary:

MILAN : Ferrari said on Tuesday its core earnings rose 7 per cent 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.

Picture taken June 15, 2022.

Milan-listed shares in the company, which on Tuesday also confirmed the forecasts for its full-year results it provided in August, extended losses after results were published and were down 3.5 per cent by 1150 GMT.($1 = 0.