A Ferrari logo is being installed on a Ferrari car at Ferrari's new 'e-building' facility where the luxury sportscar maker is testing lines before an expected start of car production in early 2025, in Maranello, Italy, June 21, 2024.
Ferrari said on Tuesday its core earnings rose 7% in the third quarter, despite a slight decrease in car shipments, as the luxury sports car maker continued to benefit from a richer product offer and increased demand for personalization.
Ferrari said in a statement it was now even more confident of hitting its full-year targets.
A richer product offer, including stronger pricing power, brought a 60 million euro positive contribution to the quarterly result, the company said in a statement.
Chief Executive Benedetto Vigna added the company enjoyed "exceptional order book visibility well into 2026."
Persons:
Ferrari, Benedetto Vigna
Locations:
Maranello, Italy, Milan