Ferrari's Q3 core earnings rose 7% to €638 million, despite a 2% drop in car shipments.

Ferrari achieved a 7% rise in core earnings in Q3, reaching €638 million, driven by a strong product mix and heightened personalization demand, despite a slight 2% drop in car shipments to 3,383 units. The company faced a significant 29% decline in shipments to China. Despite this, Ferrari affirmed its full-year forecasts, expecting adjusted earnings per share above €7.90 on revenues exceeding €6.55 billion. Shares fell 4% amid concerns over luxury spending.

November 05, 2024
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