Ferrari Non-GAAP EPS of €1.36 beats by €0.16, revenue of €1.29B beats by €70M

Aug. 02, 2022 7:07 AM ETFerrari N.V. (RACE)By: Niloofer Shaikh, SA News Editor
  • Ferrari press release (NYSE:RACE): Q2 Non-GAAP EPS of €1.36 beats by €0.16.
  • Revenue of €1.29B (+24.0% Y/Y) beats by €70M.
  • Total shipments of 3,455 units, up 28.7% versus Q2 2021.
  • “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.”

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