Italian sports-car maker raises full-year guidance on strong sales and demand for customization

  • Ferrari’s Q3 after-tax profit reached EUR332.0 million, exceeding analysts’ expectations
  • Revenue rose by 24% to EUR1.54 billion, beating estimates
  • Earnings before interest, taxes, depreciation, and amortization increased by 37% to EUR595 million
  • Shipments rose to 3,459 vehicles from 3,188 in the previous quarter
  • Ferrari raised its full-year revenue guidance to EUR5.90 billion and adjusted EBIT margin to at least 26.5%

Ferrari reported strong financial results for the third quarter, with after-tax profit reaching EUR332.0 million, exceeding analysts’ expectations. Revenue also rose by 24% to EUR1.54 billion, beating estimates. Earnings before interest, taxes, depreciation, and amortization increased by 37% to EUR595 million. Shipments rose to 3,459 vehicles from 3,188 in the previous quarter. As a result of these positive results, Ferrari raised its full-year revenue guidance to EUR5.90 billion and adjusted EBIT margin to at least 26.5%.

Factuality Level: 9
Factuality Justification: The article provides specific financial figures and quotes from the company, which can be verified for accuracy. It also includes analyst estimates for comparison. There is no obvious bias or opinion presented in the article.
Noise Level: 8
Noise Justification: The article provides relevant information about Ferrari’s financial performance in the third quarter, including profit, revenue, and shipment numbers. It also mentions the company’s upgraded full-year guidance. However, the article lacks analysis, scientific rigor, and intellectual honesty. It does not explore the consequences of Ferrari’s decisions or hold powerful people accountable. The article also does not provide actionable insights or solutions. Overall, it contains mostly factual information without much depth or critical analysis.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets that may be impacted by this news article are the automotive industry and the stock market.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: This news article pertains to financial topics as it discusses Ferrari’s profit and revenue growth in the third quarter. However, there is no mention of any extreme events or their impact.
Public Companies: Ferrari (N/A)
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