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Investing.com -- Ferrari (BIT:RACE) reported second-quarter results that slightly missed expectations, sending the luxury carmaker’s shares roughly 3% in premarket trading Thursday.
The company reported earnings per share (EPS) of €2.38, narrowly missing the consensus estimate of €2.40.
Revenue for the quarter came in at €1.79 billion, up 4.4% year-over-year, and just under the €1.82 billion forecast.
Operating profit rose 8.1% year-on-year to €552 million, translating to an EBIT margin of 30.9%.
EBITDA increased 5.9% to €709 million, with a margin of 39.7%.
Currency effects had a negative impact of €11 million in the quarter, mainly due to the U.S. dollar, the company said.
The company noted that there was "no significant impact from the introduction of new import tariffs on EU cars into the U.S. in the quarter."
“The first semester of 2025 reminded us once more about the importance of agility and flexibility in the management of our company," said Benedetto Vigna, CEO of Ferrari.
Looking ahead, Ferrari expressed greater confidence in meeting its 2025 guidance. The outlook is supported by a favorable product and geographic mix, growth in personalizations, and stronger racing revenues from higher Formula 1 rankings.
Lifestyle and brand investments are expected to continue expanding, while ongoing supply chain pressures and a higher effective tax rate linked to changes in Italy’s Patent Box regime will weigh on costs.
Industrial free cash flow is seen remaining solid, underpinned by profitability and moderated capital spending.
Ferrari’s Q2 revenue from cars and spare parts rose 2.3% to €1.51 billion, supported by a favorable product and country mix and higher personalizations.
Sponsorship, commercial, and brand revenues increased 21.9% to €205 million, driven by stronger sponsorships, lifestyle growth, and higher Formula 1-related income.