.August 14, 2024 03:43:52 AM

Ferrari, a renowned luxury sports car manufacturer, has raised its full-year revenue and core earnings forecasts after a strong second-quarter performance. The company’s focus on customization and exclusivity in the luxury sports car market has been key to its financial success. Ferrari reported a quarterly revenue of approximately $1.71 billion and a net income of around $412.11 million, demonstrating strong profitability and operational efficiency. The company now expects adjusted EBITDA to reach at least 2.50 billion euros, reflecting confidence in its operational performance and market position. This announcement led to a 4.8% rise in Ferrari’s shares on the Milan stock exchange, showcasing investor confidence in the brand.