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DAYTONA CORPORATION

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Ferrari roars out with high octane Daytona SP3 for its Icona fans

11/20/2021 | 12:28pm EST
Ferrari unveils its new 'icona' car

MILAN (Reuters) -Ferrari's new high octane model, the Daytona SP3, ends a long wait by lovers of its Icona-series cars, although it may not be welcomed by those trying to curb carbon emissions.

With an 840 horse power, 12-cylinder (V12) aspirated mid-rear-mounted engine, the Daytona SP3 pays tribute to the Ferrari 330 P3/4, which dominated the 24 Hours of Daytona in 1967.

The Daytona SP3 will be produced in 599 units, with a not-for-everyone price of 2 million euros ($2.26 million) in Italy. Deliveries will start at the end of next year and are expected to be completed in 2024.

Ferrari presented its latest Icona on Saturday just as new Chief Executive Benedetto Vigna sets the Italian luxury sports car maker on the road to full electrification.

Vigna is a tech industry veteran who in September became CEO of Ferrari, which has promised to deliver its first fully electric vehicle in 2025.

In the meantime, Ferrari fans have been waiting more than three years for the second Icona after the Monza in 2018.

Ferrari's Iconas are special series cars produced in limited numbers, reserved for ultra wealthy private collectors and inspired by legendary models from the past.

Recognised by its 'Prancing Horse' logo and red racing cars, Ferrari already has three electric hybrid models in its range, including the 296 GTB sports car it unveiled this year.

Ferrari has increasingly reserved its polluting V12 engines for limited series models and Iconas made up just 2% of the units it shipped in the last quarter, while V12 cars accounted for 12% of group shipments. It will make less than a combined 1,600 V12 812 Competizione and 812 Competizione A models, launched this year, with a starting price just under half a million euros ($564,000).

(Reporting by Valentina Za; Editing by Alexander Smith)


© Reuters 2021
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Financials
Sales 2020 9 910 M 87,1 M 87,1 M
Net income 2020 811 M 7,13 M 7,13 M
Net Debt 2020 414 M 3,64 M 3,64 M
P/E ratio 2020 6,21x
Yield 2020 2,24%
Capitalization 6 612 M 58,1 M 58,1 M
EV / Sales 2019 0,61x
EV / Sales 2020 0,53x
Nbr of Employees 180
Free-Float 37,7%
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Income Statement Evolution
Managers and Directors
Tetsuji Oda Group Leader-Development
Shinichiro Suzuki Director
Yasuhiko Sugimura Group Leader-Administration
Tadashi Nakagawa Independent Outside Director
Tomoyoshi Banba Independent Outside Director
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