Ferrari, Continuing Strong Momentum Across All Regions
August 02 2021 - 6:36AM
CONTINUING STRONG MOMENTUM ACROSS ALL REGIONS
Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the
“Company”) today announces its consolidated preliminary results for
the second quarter and six months ended June 30, 2021. Second
quarter results can be summarized as follows:
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-
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- Total shipments of 2,685 units, almost doubled versus prior
year and up 0.5% versus Q2 2019
- Net revenues of Euro 1,035 million, nearly doubled versus prior
year and up 5.2% versus Q2 2019
- EBITDA of Euro 386 million, tripled versus prior year and up
23.0% versus Q2 2019. EBITDA margin of 37.4% in Q2 2021.
- EBIT of Euro 274 million versus Euro 23 million of prior year
and up 14.8% versus Q2 2019. EBIT margin of 26.5% in Q2 2021.
- Net profit of Euro 206 million and diluted EPS at Euro
1.11
- Sound industrial free cash flow generation of Euro 113 million
and guidance for the year improved to approx. Euro 450 million
(from approx. Euro 350 million)
Next Capital Markets Day is planned for June 16, 2022 in
Maranello.
Commenting on the results, Chairman and Acting CEO John Elkann
said: “This excellent second quarter confirms the strength of
Ferrari and of its unique business model. With each Ferrari we
unveil we are setting new benchmarks for innovation, beauty and
distinctiveness which is the only true luxury. As we move
towards our 75th anniversary next year, our opportunities have
never been wider and greater.”
- 2021_08_02 - Ferrari Q2 2021 Results Press Release
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