Motors
Ferrari: Results exceed expectations in 2020 Covid-19 downturn offset
Ferrari announced its consolidated preliminary results for the year of 2020, specifically the fourth quarter.
The company recorded Net revenues of Euro 3,460 million, down by 8.2% over the previous year, and total shipments of 9,119 units in 2020, down 1,012 units or 10% compared to the year prior, in line with H2 production planning after a seven-week production suspension in H1 and a temporary closure of dealerships due to Covid-10.
The downturn was partially offset by a gradual production recovery in H2 2020.
In 2020, for the first time ever in Ferrari’s history, three new cars were unveiled with dedicated digital events: the Ferrari Portofino M, the SF90 Spider and the 488 GT Modificata, shipments of which will commence in 2021.
