What Factors Affected Ferrari’s Profit Margin in Q3?
In the third quarter, Ferrari (RACE) reported a 5% YoY rise in its adjusted EBITDA to 278 million euros, or about $317 million. Continued positive growth in Ferrari’s shipments and a rise in sponsorship revenues were key factors that acted in favor of RACE’s profit margins in the last quarter. In contrast, currency headwinds were one of the primary factors affecting the company’s profitability in the third quarter.