Tag: Ferrari

Ferrari raises guidance after profit jumps as more customers personalize their sports cars

Ferrari Original Factory Entrance Courtesy: Ferrari Ferrari on Wednesday said that its second-quarter profit jumped 33% from a year ago as more of its customers chose costly “personalization” options for their new sports cars. Ferrari also raised its guidance for the full year following the results. related investing news 2 days ago The company now… Continue reading Ferrari raises guidance after profit jumps as more customers personalize their sports cars

German Manager Magazin: Ferrari: Luxury sports car maker shines with 40 percent return, Benedetto Vigna raises forecast002643

After a decent run in the past quarter, the luxury sports car maker Ferrari is expecting slightly more profit for the full year than before. CEO Benedetto Vigna (54) now expects earnings before interest, taxes, depreciation and amortization adjusted for special effects of 2.19 to 2.22 billion euros, as the Italians announced on Wednesday in… Continue reading German Manager Magazin: Ferrari: Luxury sports car maker shines with 40 percent return, Benedetto Vigna raises forecast002643

Ferrari Upgrades 2023 Guidance on Exceptional Q2 2023 Results and Business Outlook

FERRARI UPGRADES 2023 GUIDANCE ON EXCEPTIONAL Q2 2023 RESULTS AND BUSINESS OUTLOOK Maranello (Italy), August 2, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results for the second quarter and six months ended June 30, 2023: Net revenues of Euro 1,474 million, up 14.1% versus prior year, with… Continue reading Ferrari Upgrades 2023 Guidance on Exceptional Q2 2023 Results and Business Outlook

Ferrari lifts profit outlook as buyers pay out to personalise their supercars

What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading Ferrari lifts profit outlook as buyers pay out to personalise their supercars

Motorlux Features Automotive-Themed Culinary Pairings, First-Class Aircraft Display, and Expanded Experiences

The automotive and aviation celebration will also feature icons like the 2023 Cadillac V-Series.R, the Airbus Corporate Jets TwoTwenty, and hundreds of cars including a selection from the Broad Arrow RADIUS Auction. TRAVERSE CITY, Mich., Aug. 2, 2023 /PRNewswire/ — Motorlux, the automotive and aviation kick off to Monterey Car Week, will feature curated automotive-themed food… Continue reading Motorlux Features Automotive-Themed Culinary Pairings, First-Class Aircraft Display, and Expanded Experiences

Ferrari nudges up year forecasts after Q2 results, investors unimpressed

Formula One F1 – British Grand Prix – Silverstone Circuit, Silverstone, Britain – July 7, 2023 Ferrari logo is pictured on a front wing during practice REUTERS/Andrew Boyers/File photo Summary Companies Sees adj. EBITDA of 2.19-2.22 bln euros this year Forecast on FY EBITDA margin unchanged at 38% FY revenue expected to grow to around… Continue reading Ferrari nudges up year forecasts after Q2 results, investors unimpressed

@Ferrari: Ferrari Upgrades 2023 Guidance on Exceptional Q2 2023 Results and Business Outlook000325

FERRARI UPGRADES 2023 GUIDANCE ON EXCEPTIONAL Q2 2023 RESULTS AND BUSINESS OUTLOOK Maranello (Italy), August 2, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results for the second quarter and six months ended June 30, 2023: Net revenues of Euro 1,474 million, up 14.1% versus prior year, with… Continue reading @Ferrari: Ferrari Upgrades 2023 Guidance on Exceptional Q2 2023 Results and Business Outlook000325

Lamborghini could hit 10,000 sales this year, CEO says

Summary Companies Revenues up 6.7% in H1 to 1.42 bln euros Operating income up 7.2% in H1 to 456 mln euros Shipped 5,341 cars globally in H1, 1,625 in the U.S. EMEA largest region with 2,285 cars shipped in H1 MILAN, July 31 (Reuters) – Lamborghini could sell 10,000 cars this year for the first… Continue reading Lamborghini could hit 10,000 sales this year, CEO says

Ferrari N.v.: Periodic Report on the Buyback Program

Maranello (Italy), July 31, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 200 million share buyback program announced on June 27, 2023, as the third tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in… Continue reading Ferrari N.v.: Periodic Report on the Buyback Program