Italian sports carmaker Ferrari sold 2,750 cars in the third quarter of 2021, up 437 units or 18.9% versus the prior year quarter.
Net revenues in the 3rd Quarter was 1,053 million euros, up 18.6% versus prior year and up 15.1% versus Q3 2019.
Net profit of 207 million euros for the third quarter, up 20.8% versus the 171 million euros from the prior year.
Ferrari sold a total of 8,206 sports cars across the globe from January to September end, on the way to another record year.
All geographic regions positively contributed in the quarter, but EMEA, America and China remains Ferraris biggest market.
Italian luxury sports carmaker Ferrari on Tuesday announced a net profit of 207 million euros for the third quarter, up by 20.8% versus the 171 million euros from the same period in 2020.
Shipments of 2,750 cars were made in the third quarter of 2021, up 437 units or 18.9% versus the prior year quarter. Net revenues for the third quarter 2021 were Euro 1,053 million, up 20.7% at constant currency
From January to the end of September, Ferrari says 8,206 sports cars were shipped worldwide, up 1,766 units (or 27%) versus 6,440 sold in the same period in the prior year.
Benedetto Vigna, CEO of Ferrari, commented:
“The strong third quarter results are an important step forward towards the upward revised 2021 guidance. The exceptional client relationships, fundamental in achieving the double digit growth in this quarter and year to date, are reflected in the record order intake worldwide, particularly in China and USA. These results together with the soundness of our vision and the team I am honoured to lead, make me look to the future with great confidence and optimism.”
In the 3rd quarter, sales of V8 models were up 39.4%, while V12 models were down 35.1% mainly due to reduced volume of the 812 Superfast. Shipments of the quarter were driven by the first deliveries of the SF90 Spider, which began in the quarter, while the Portofino M entered the ramp up phase. The Ferrari Monza SP1 and SP2 continued to be delivered in line with planning.
All geographic regions positively contributed in the 3rd quarter. EMEA increased by 1.6%, Americas by 40.1%, Mainland China, Hong Kong and Taiwan by 109.2% and Rest of APAC by 21.1%. Sales in the Mainland China, Hong Kong and Taiwan region were boosted by the arrival of new models, in particular the Ferrari Roma and the SF90 Stradale.
Also See: Buy and sell cars faster on Carmart NG