Ferrari lifted full-year guidance slightly Thursday, citing stronger-than-expected personalizations and lower currency headwinds. The Italian luxury sports-car maker now expects revenue of around 7.6 billion euros ($8.72 billion), up from a previous estimate of around 7.5 billion euros.
Adjusted earnings before interest and taxes are forecast at at least 2.26 billion euros, up from at least 2.22 billion euros previously. The upgrade reflects robust demand for car customizations and ramped-up deliveries of new models in the second quarter.
Chief Executive Benedetto Vigna said the company has "the most complete line-up in Ferrari history" and continues to experience healthy demand, with an order book that entirely covers 2027. The guidance is based on current visibility on the effects of the Middle East crisis.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing