Ferrari nudges up full year forecasts after beating consensus in second quarter
30/07/2026 12:11
Ferrari nudges up full year forecasts after beating consensus in second quarter MILAN, July 30 (Reuters) - Luxury sports car maker Ferrari RACE.MI on Thursday raised its forecasts for this year's revenues and core profit after beating consensus in the second quarter, helped by sales of higher margin vehicles and contributions from personalisations.
The Italian company guided for its earnings before interest, taxes, depreciation and amortisation (EBITDA) rising to at least €2.97 billion ($3.41 billion) in 2026, versus a previous forecast for a result of at least €2.93 billion.
Milan-listed shares in the company erased earlier losses after results were published. By 1105 GMT they were up 3.4%.
($1 = 0.8711 euros)
(Reporting by Giulio Piovaccari, editing by Gianluca Semeraro)