Ferrari to resume production on 14 April 2020
01 Apr 2020|868 views
Ferrari has announced that it now plans to resume production subject to supply chain continuity 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. Ferrari 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 outbreak has created, Ferrari is taking all appropriate actions to assure the well-being 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 4 May 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.
Ferrari has announced that it now plans to resume production subject to supply chain continuity 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. Ferrari 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 outbreak has created, Ferrari is taking all appropriate actions to assure the well-being 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 4 May 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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