🔹 Revenue: €1.79B (Est. €1.82B) 🔴; UP +4.4% YoY
🔹 EBITDA: €709M (Est. €707.8M) 🟢; UP +5.9% YoY
🔹 EBIT: €552M (Est. €546M) 🟢; UP +8.1% YoY
🔹 Diluted EPS: €2.38 (Est. €2.40) 🔴; UP +4% YoY
🔹 Deliveries: 3,494 units (Est. 3,515) 🔴; flat YoY
Segment Revenue:
🔹 Cars & Spare Parts: €1.51B; UP +2.3% YoY
🔹 Sponsorship & Brand: €205M; UP +21.9% YoY
🔹 EBITDA Margin: 39.7% (+60bps YoY)
🔹 EBIT Margin: 30.9% (+100bps YoY)
Cash & Leverage:
🔹 Industrial Free Cash Flow: €232M
🔹 Net Industrial Debt: €338M (↑ from €49M in Q1)
🔹 Liquidity: €2.07B
FY25 Guidance (Reaffirmed):
🔹 Revenue: >€7.0B (vs. €6.7B in 2024)
🔹 Adj. EBITDA: ≥€2.68B; ≥38.3% margin
🔹 Adj. EBIT: ≥€2.03B; ≥29.0% margin
🔹 Adj. Diluted EPS: ≥€8.60
🔹 Industrial FCF: ≥€1.20B
CEO Benedetto Vigna Commentary:
🔸 “Strong results reflect our disciplined execution, innovation, and exceptional demand for models like the 296 Speciale and Ferrari Amalfi.”
🔸 “We’re confident in our 2025 outlook with robust order books and continued enrichment of the product mix.”
