Luxury car manufacturer Ferrari's sales continue to increase. During the fourth quarter, the company reports a sales increase of 14 percent compared to the previous quarter and sales of a total of 1.74 billion euros.
While the automotive industry in general is struggling with declining interest and sales, Ferrari has been unaffected. Sales on the Chinese market did indeed decline by 38 percent during the quarter, but the Chinese market is simultaneously less significant for Ferrari than for the company's worst competitors.
Today's report is rewarded with an increase of 6.2 percent on the Milan Stock Exchange.
What do you think?