Report
Anthony Dick ...
  • Michael Foundoukidis

Ferrari : Over ambitious expectations do not call into question the excellent outlook

>Q3 earnings in line, 2024 guidance 'only’ confirmed but cautious - Ferrari reported yesterday, during trading, robust Q3 results that were broadly in line with forecasts. The group reported revenues of € 1,644bn, +7% y-o-y, -4% q-o-q (css € 1,655bn, ODDO BHF € 1,661bn) still underpinned by robust price/mix while volumes marked a slight contraction, in line with the group’s plans/product cycle. EBIT came to € 467m, +11% y-o-y, -9% q-o-q, implying margin of 28.4%, +1...
Underlying
Ferrari NV

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Anthony Dick

Michael Foundoukidis

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