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Ferrari’s Revenue, Core Earnings Climb
Ferrari NV reports that its shipments of its supercars in the second quarter rose 8% to 2,700 units. Net revenue climbed 9% to €984 million ($1.1 billion).
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Ferrari NV reports that its shipments of its supercars in the second quarter rose 8% to 2,700 units. Net revenue climbed 9% to €984 million ($1.1 billion).
Sales for the period surged more than 60% in China, Hong Kong and Taiwan. They grew 11% in Europe but fell 6% in the Americas.
Ferrari’s adjusted earnings before interest, taxes, depreciation and amortization in April-June rose 9% to €314 million ($352 million).
The company affirms its previous guidance for the full year. The company anticipates revenue will grow at least 3% to more than €3.5 billion. Adjusted pretax earnings are expected to reach about €900 million, with a margin of about 24.5%.
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