Ferrari beats first-quarter estimates and reaffirms annual guidance
Updated
Updated · CNBC · May 5
Ferrari beats first-quarter estimates and reaffirms annual guidance
7 articles · Updated · CNBC · May 5
The carmaker posted adjusted EPS of 2.33 euros on revenue of 1.85 billion euros, above LSEG forecasts, while deliveries fell 4.4% to 3,436 vehicles.
Revenue rose more than 3% from a year earlier, with operating profit up 1.1% and adjusted earnings up 4.2%, helped by model mix and personalisation despite production slowing for model changeovers.
Ferrari kept its 2026 targets, including 7.5 billion euros in revenue and at least 2.22 billion euros in adjusted operating profit, ahead of the May 25 debut of its first EV, the Luce.
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