

(ANSA) – TURIN, FEB 2 – Ferrari on Tuesday posted a net
profit for 2020 13% down at 609 million euros.
The luxury sportscar maker said its results were better than
expected.
Total deliveries were 9,119, 10% down on the previous year but
in line with forecasts linked to a seven-week COVID closure.
Net earnings were 8.1% down at 3.46 billion euros.
Ferrari reported an EBITDA of 1,143 million, down 10.0% versus
prior year, with an EBITDA margin of 33.0%.
It said EBIT was 716 million euros, down 21.9% versus prior
year, with an EBIT margin of 20.7%.
There was also a positive industrial free cash flow generation
of 172 million euros. (ANSA).