- Total shipments of 2,685 units, almost doubled versus prior year and up 0.5% versus Q2 2019
- Net revenues of Euro 1,035 million, nearly doubled versus prior year and up 5.2% versus Q2 2019
- EBITDA(1) of Euro 386 million, tripled versus prior year and up 23.0% versus Q2 2019. EBITDA(1) margin of 37.4% in Q2 2021.
- EBIT of Euro 274 million versus Euro 23 million of prior year and up 14.8% versus Q2 2019. EBIT margin of 26.5% in Q2 2021.
- Net profit of Euro 206 million and diluted EPS(1) at Euro 1.11
- Sound industrial free cash flow(1) generation of Euro 113 million and guidance for the year improved to approx. Euro 450 million (from approx. Euro 350 million)
- Next Capital Markets Day planned for June 16, 2022 in Maranello
Commenting on the results, Chairman and Acting CEO John Elkann said: “This excellent second quarter confirms the strength of Ferrari and of its unique business model. With each Ferrari we unveil we are setting new benchmarks for innovation, beauty and distinctiveness which is the only true luxury. As we move towards our 75th anniversary next year, our opportunities have never been wider and greater.”
Maranello (Italy), August 2, 2021 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results( ) for the second quarter and six months ended June 30, 2021.
(1)Refer to specific paragraph on non-GAAP financial measures
(2)These results have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board and IFRS as endorsed by the European Union