“We expect the shares may face some near-term pressure from the cautious 2020 guidance,” Citigroup Inc.’s Angus Tweedie said in a note after the earnings report.
Ferrari unveiled its first production-volume hybrid model last year, signaling the company’s commitment to reducing its carbon footprint.
“We’re very focused on reaching carbon neutrality, we are looking at alternative technologies, fuels, investing a significant amount of resources on this,” Camilleri said on a conference call with analysts.
This article was provided by Bloomberg News.