Ferrari to resume production in Maranello and Modena as of 14 April 2020.
27 Marzo 2020 - 1:11AM
Maranello, 27 March 2020 – Ferrari N.V.
(“Ferrari” or the “Company”)
(NYSE/MTA: RACE) announces today that subject to supply chain
continuity it now plans to resume production as of 14 April
2020.
All activities that can be conducted in smart
working will continue to be performed as has been the case in
recent weeks. The Company will continue to cover all days of
absence to those unable to take advantage of this solution.
Given the huge uncertainty and lack of
predictability that the Covid-19 has created, the Company is taking
all appropriate actions to assure the wellbeing and welfare of its
employees and that are deemed to be in the best interest of all
stakeholders. The Company anticipates that it will be in a
position to provide further financial guidance to the investment
community during its first quarter earnings’ call on May 4, 2020.
It remains confident that in view of its brand equity, strong
balance sheet and sound business model it will continue to create
value for all stakeholders beyond the near term uncertainties.
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