A Quarter of Records, 2022 Guidance Revised Upward on All Metrics
02 August 2022 - 9:00PM
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, 2022.
Results for the Q2 are summarized as follows:
- Total shipments of 3,455 units, up 28.7% versus Q2 2021
- Net revenues of Euro 1,291 million, up 24.9% versus prior
year
- EBITDA of Euro 446 million, up 15.5% versus prior year
- EBIT of Euro 323 million, up 17.8% versus prior year
- EBITDA margin of 34.6% and EBIT margin of 25.0%, in line with
full year targets
- Net profit of Euro 251 million and diluted EPS at Euro
1.36
- Industrial free cash flow generation of Euro 79 million,
implying the best ever Q2 in terms of operating performance before
taxes
“Ferrari continues a phase of strong growth,
with quarterly record results in terms of revenues, EBITDA and
EBIT. The quality of the first six months and the robustness of our
business allows us to revise upward the 2022 guidance on all
metrics. Also the net order intake reached a new record level in
the quarter” – commented Benedetto Vigna, Chief Executive
Officer of Ferrari. “The last quarter was also notable for
the unique memories generated by our 75th anniversary celebrations
and the Cavalcades, which raised the experiences we offer clients
for sharing the passion and spirit of Ferrari to new levels as we
continue to push the boundaries.”
More information in the press release
attached.
- 2022_08_02 - Ferrari Q2 2022 Results Press Release
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