Ferrari’s Wartime Drop in Deliveries Outweighs Profit Rise
Ferrari attributed the overall decline in deliveries to a planned model changeover.
Photographer: Stephane Mouchmouche/AFP/Getty ImagesFerrari NV posted a drop in first-quarter deliveries that outweighed a profit rise, as war in the Middle East disrupted the Italian supercar maker’s business operations.
Shipments fell 4.4% from a year earlier, Ferrari said Tuesday, including a 14% drop in Europe, Africa and the Middle East, home to a key group of wealthy Ferrari customers.