Ferrari Registers 18.7% Revenue Growth In Q3; Boosts FY22 Forecast

Ferrari NV RACE reported third-quarter FY22 sales growth of 18.7% year-on-year to €1.25 billion.
Total shipments of 3,188 units improved 15.9% from last year.
Car and spare parts revenue rose 19.6% Y/Y, and Engines decreased by 25.3%.
EBITDA rose 17.1% Y/Y to €435 million, and the margin contracted 40 basis points Y/Y to 34.8%.
EPS of €1.23 improved by 11% from €1.11 last year.
Cash flow from operating activities totaled €386 million with a €188 million free cash flow.
Outlook: Ferrari raises FY22 revenue guidance from €4.9 billion to €5 billion.
It also hiked the adjusted EPS outlook from €4.80 - €4.90 to ~€5.00.
Also Read: Rolls-Royce Chief Touts Its Debut EV As 'Most Perfect' Product; Bags Massive Orders Even Before Launch
Price Action: RACE shares are trading lower by 0.10% at $196.77 on the last check Wednesday.
Photo Via Company