Report
Anthony Dick ...
  • Michael Foundoukidis

Ferrari : A solid quarter and more nice surprises to come

>Solid Q3 numbers, guidance upgraded but still cautious - Ferrari's Q3 2021 results were broadly in line with updated expectations (css revised up by 10% over one month). As we expected, the group (slightly) upgraded its guidance (+5% vs the midpoint of previous EBIT range). While the new guidance is in line with the consensus, aside from FCF, we think that it is still very conservative and that the group boasts several catalysts to surprise on the upside (F1 revenue...
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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