Net revenues rose 7.4% to €1.766bn as total shipments held near flat at 3,401 cars. Operating profit (EBIT) grew 7.6% to €503mln with a margin of 28.4%. Net profit was €382mln with diluted EPS of €2.14. EBITDA increased 5.0% to €670mln with a margin of 37.9%. Industrial free cash flow was €365m.
Ferrari said richer mix and higher personalisation offset lower Daytona SP3 deliveries. The quarter was led by the 296 GTS, Purosangue, 12Cilindri and Roma Spider. Hybrids were 43% of shipments and ICE models were 57%.
Management lifted full-year targets after its Capital Markets Day. It cited a...