Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results for the second quarter and six months ended June 30, 2021. Second quarter results can be summarized as follows:
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- Total shipments of 2,685 units, almost doubled versus prior year and up 0.5% versus Q2 2019
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- Net revenues of Euro 1,035 million, nearly doubled versus prior year and up 5.2% versus Q2 2019
- EBITDA of Euro 386 million, tripled versus prior year and up 23.0% versus Q2 2019. EBITDA margin of 37.4% in Q2 2021.
- EBIT of Euro 274 million versus Euro 23 million of prior year and up 14.8% versus Q2 2019. EBIT margin of 26.5% in Q2 2021.
- Net profit of Euro 206 million and diluted EPS at Euro 1.11
- Sound industrial free cash flow generation of Euro 113 million and guidance for the year improved to approx. Euro 450 million (from approx. Euro 350 million)
