Ferrari Accelerates with Strong Q2 Growth
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Ferrari Accelerates with Strong Q2 Growth

Ferrari (IT:RACE) has released an update.

Ferrari has reported a robust second quarter for 2024, with a 16.2% increase in net revenues and a 2.7% rise in total shipments compared to the previous year. The company’s strong financial performance, including a 17% increase in adjusted EBIT and a significant jump in adjusted net profit by 24%, has prompted an upward revision of its full-year guidance. Highlighting the success of new models and a focus on sustainable innovation, Ferrari celebrates its continued growth and a recent victory at the 24 Hours of Le Mans.

For further insights into IT:RACE stock, check out TipRanks’ Stock Analysis page.

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