Earnings ·
Ferrari posts Q3 net profit of €431M, upgrades full-year guidance
RACEFerrari N.V.
Ferrari N.V. reported third-quarter net revenues of €1,896 million, a 7% increase from the prior year, driven by a richer product mix and higher personalizations. Operating profit (EBIT) rose 12% to €563 million with a margin of 29.7%, while diluted earnings per share reached €2.44. The company also upgraded its full-year adjusted EBITDA guidance to at least €3.0 billion, citing stronger personalizations and lower currency headwinds than anticipated. Additionally, Ferrari announced it purchased approximately 176,000 shares for €61.5 million in October under its multi-year buyback program. The company designs, engineers, and produces luxury sports cars and operates racing and lifestyle divisions.