The maker of high-performance luxury sports cars reported net profits of 251 million euros in April through June, up from 206 million euros in the same period of 2021. Revenue was up by a quarter, to 1.29 billion euros.
Ferrari, based in the northern Italian city of Maranello, raised its net revenue forecast to 4.9 billion euros, from 4.8 billion euros, and set 1.7 billion as the lower end of the range, instead of the upper, for adjusted earnings before interest, taxes, depreciation and amortization. Shipments in the period rose by 29 per cent, to 3,455 vehicles, compared with the second quarter of 2021. That was driven by the Americas, where sales more than doubled, to 1,053 cars from 649.
Traditional internal combustion engines dominated deliveries, at about 83 per cent, while three hybrid engine models accounted for just 17 per cent of sales.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TerraceStandard - 🏆 24. / 68 Read more »
Source: CP24 - 🏆 30. / 67 Read more »