Earnings release
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DOUBLE DIGIT GROWTH , ON THE WAY TO ANOTHER RECORD YEAR ● ● Total shipments of 2,750 units , up 18.9 % versus Q3 2020 and 11.2 % versus Q3 2019 Net revenues of Euro 1,053 million , up 18.6 % versus prior year and up 15.1 % versus Q3 2019 EBITDA ( ¹ ) of Euro 371 million , up 12.4 % versus prior year and up 19.6 % versus Q3 2019 . EBITDA ( ¹ ) margin of 35.2 % in Q3 2021 . EBIT of Euro 270 million , up 21.8 % versus prior year and up 19.2 % versus Q3 2019 . EBIT margin of 25.7 % in Q3 2021 . Net profit of Euro 207 million and diluted EPS¹ ) at Euro 1.11 Extraordinarily strong industrial free cash flow ( ¹ ) generation of Euro 242 million sustained by the collection of advances on the 812 Competizione Upgraded 2021 Guidance 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 . " For the three months ended September 30 , 2020 2021 2,750 1,053 371 35.2 % 270 25.7 % 207 1.12 1.11 2,313 888 330 37.2 % Ferrari N.V. Change 437 19 % 165 19 % 12 % 41 ( 200 bps ) 222 48 22 % 25.0 % 70 bps 171 36 21 % 0.92 0.20 22 % 0.92 0.19 21 % ( In Euro million , unless otherwise stated ) Amsterdam , The Netherlands Shipments ( in units ) Net revenues EBITDA ( ¹ ) / Adj . EBITDA ( ¹ ) EBITDA ( ¹ ) / Adj . EBITDA ( ¹ ) margin EBIT / Adj . EBIT ( ¹ ) 1 Refer to specific paragraph on non - GAAP financial measures EBIT / Adj . EBIT¹ ) margin Net profit / Adj . net profit ( ¹ ) Basic EPS / Adj . basic EPS¹ ) ( in Euro ) Diluted EPS / Adj . diluted EPS¹ ) ( in Euro ) Registered Office : Via Abetone Inferiore N. 4 , I - 41053 Maranello ( MO ) Italy For the nine months ended September 30 , Change 2021 2020 8,206 6,440 1,766 27 % 3,099 2,391 708 30 % 1,133 362 47 % 771 32.3 % 36.6 % 810 465 26.2 % 19.5 % 619 3.34 3.33 Dutch trade registration number : 64060977 430 bps 345 670 bps 74 % 346 273 79 % 1.87 1.47 79 % 1.86 1.47 79 % corporate . ferrari.com