RACE Ferrari NV

Ferrari extends Maranello and Modena manufacturing suspension until 3 May 2020.

Ferrari extends Maranello and Modena manufacturing suspension until 3 May 2020.

Maranello, 10 April 2020 - Ferrari N.V. (“Ferrari” o la “Società”) (NYSE/MTA: RACE ) has extended the suspension of its manufacturing activity until 3 May 2020, in accordance with today’s Government announcement.

All activities that can be managed by smart working will continue regularly as in the past weeks. The Company will continue to pay days of absence for all of those unable to adopt this solution, as it has done since closure of its premises on 14 March.

This week the Company began with the introduction of “ Back on Track”, the project which at the reopening of the Maranello and Modena workplaces will guarantee the adoption of the most advanced practices for the protection of  employees’ health.

Attachment

EN
10/04/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Ferrari NV

Anthony Dick ... (+2)
  • Anthony Dick
  • Michael Foundoukidis
Anthony Dick ... (+2)
  • Anthony Dick
  • Michael Foundoukidis
 PRESS RELEASE

ANOTHER STRONG START TO THE YEAR SUSTAINED BY PRODUCT MIX

ANOTHER STRONG START TO THE YEAR SUSTAINED BY PRODUCT MIX Net revenues of Euro 1,791 million, up 13.0% versus prior year, with total shipments of 3,593 unitsOperating profit (EBIT)(1) of Euro 542 million, up 22.7% versus prior year, with Operating profit (EBIT) margin of 30.3%Net profit of Euro 412 million and diluted EPS at Euro 2.30EBITDA(1) of Euro 693 million, up 14.6% versus prior year, with EBITDA margin of 38.7%Industrial free cash flow(1) generation of Euro 620 million “Another year is off to a great start” said Benedetto Vigna, CEO of Ferrari. “In the first quarter of 2025, with v...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch