Ferrari: EPS up 14% in Q3
(CercleFinance.com) - Ferrari shares are down nearly 6% in Milan, following the publication of Q3 2024 EPS that is up 14% to E2.
08 and adjusted EBIT that is up 10% to E467m, representing a margin that improved by one point to 28.4%.
The Italian manufacturer of luxury and sports cars posted sales growth of 6.5% to over E1.64bn, despite a slight 2% drop in volume deliveries to 3,383 units.
The quarter once again shows growing results for Ferrari, thanks to a solid product mix and increased customization, it explains CEO Benedetto Vigna, also pointing to the exceptional visibility of the order book until 2026.
On this basis, Ferrari is confident in its full-year targets, including adjusted EPS of at least E7.90, adjusted EBIT of at least E1.82bn and revenues of over E6.55bn.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
08 and adjusted EBIT that is up 10% to E467m, representing a margin that improved by one point to 28.4%.
The Italian manufacturer of luxury and sports cars posted sales growth of 6.5% to over E1.64bn, despite a slight 2% drop in volume deliveries to 3,383 units.
The quarter once again shows growing results for Ferrari, thanks to a solid product mix and increased customization, it explains CEO Benedetto Vigna, also pointing to the exceptional visibility of the order book until 2026.
On this basis, Ferrari is confident in its full-year targets, including adjusted EPS of at least E7.90, adjusted EBIT of at least E1.82bn and revenues of over E6.55bn.
Copyright (c) 2024 CercleFinance.com. All rights reserved.