Investing.com - Luxury carmaker Ferrari (N:RACE), which debuted on Wall Street last week, on Wednesday reported a 22% rise in third-quarter adjusted core profit, as a jump in sportscar shipments offset lower sales of engines to sister brand Maserati.
Ferrari said adjusted earnings before interest, tax, depreciation and amortisation for the third quarter rose to €213 million, while revenues increased 9% to €723 million.
Shipments in the quarter were up 21% to 1,949 vehicles.
For 2015, Ferrari expects deliveries to reach 7,700 vehicles and adjusted earnings of between 725 to 745 million euros.
Parent Fiat Chrysler Automobiles (N:FCAU) sold 10% of Ferrari in an IPO, securing the maker of supercars such as the 1 million euro LaFerrari a stock market value of $9.8 billion.