Ferrari : Excellent Q2 results, 2023 guidance upgrade but still conservative
>Strong Q2 ahead of expectations, 2023 guidance raised but still conservative - Ferrari’s Q2 earnings, reported yesterday during trading, were once again very robust and beat expectations on most items (in line with VA EBITDA consensus, 7% ahead on EBIT, +4% ahead on net profit). The group notably reported an excellent EBIT margin reaching record levels (29.7%, +470bp y-o-y, +280bp q-o-q), driven mostly by highly favourable price/mix effects. Following this release, t...
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.
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