Ferrari reports Q2 revenue of €1.7B, up 16.2% - Breaking The News

Ferrari reports Q2 revenue of €1.7B, up 16.2%

1 August

1 min read

EPA-EFE/MARK R. CRISTINO

Ferrari N.V. announced on Thursday that its net revenue for the second quarter of 2024 grew 16.2% on a yearly basis, reaching €1.7 billion. Net profit was up 24%, standing at €413 million, while the diluted earnings per share (EPS) rose by 25% since Q2 2023 to €2.29. Total shipments increased by 2.7% to 3,484, with revenue from cars and spare parts improving by 17% year-on-year. Ferrari updated its sales guidance for 2024, moving its upper limit from €6.4 billion to €6.55 billion.

"We are delighted to announce excellent financial results in the second quarter of 2024, which demonstrate again a strong execution and continued growth," CEO Benedetto Vigna said.

Ferrari's stock jumped 3.79% after its earnings report was published.

earnings ferrari

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