Ferrari Raises Full-Year Guidance Following Strong Q3 Performance
Ferrari N.V. (RACE) reported strong third-quarter financial results, driven by a robust product mix and significant growth in its personalization segment. The company achieved revenues of EUR 1.29 billion and an EBIT exceeding EUR 560 million, representing double-digit growth. Based on these results, Ferrari has raised its full-year guidance. This upward revision is supported by assumptions that the personalization business will account for more than 20% of sales and a projected euro-dollar exchange rate above $1.15.
Tickers: $RACE
Topics: EBIT Luxury Goods Quarterly Earnings Revenue