Ferrari Beats Q2 Estimates, Raises FY Guidance
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Insights by Echo AI
Ferrari reported strong Q2 results with revenue of €1.94B, EBITDA of €755M, and net profit of €463M, all exceeding estimates. The company raised its FY guidance, expecting adjusted EBITDA of at least €2.97B. The results were driven by a good product mix, higher margins for accessories, and sustained customer demand for personalizations.
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