Ferrari's Q2: Electric Debut, Strong Sales

Ferraris latest quarterly earnings report showcases a robust performance, surpassing analyst expectations. Revenue increased by three percent to 1.85 billion euros, while diluted earnings per share reached 2.33 euros, exceeding the predicted 2.27 euros. EBITDA rose by four percent to 722 million euros, with a healthier 39.1 percent margin. Operating profit edged up by one percent to 548 million euros, though net profit remained flat at 413 million euros. Despite a slight dip in units sold to 3,436 from 3,593, Ferrari maintained overall volume by shifting shipments away from tense Middle East spots. Growth was driven by premium product mixes, high personalization demand, and strong Americas sales. However, higher costs, fewer deliveries, marketing expenses, and U.S. import tariffs on European cars at fifteen percent countered these gains. CEO Benedetto Vigna emphasized the strong mix and order book extending to late 2027, reaffirming their 2026 targets. The stock held steady, setting the stage for their first all-electric ride. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/fd801c74827982aa