Ferrari Q2 2022 earnings and guidance (RACE)

The Ferrari SP38 is seen at the 2022 Goodwood Festival of Speed ​​on June 23 in Chichester, England.

Martyn Lucy | beautiful pictures

Ferrari issued guidance for 2022 after reporting record results for the second quarter amid unprecedented demand for high-priced sports cars and large passenger cars.

The Italian supercar maker has been largely unaffected by the supply chain disruptions that have forced major automakers to reduce production over the past few quarters, due to small production volumes. Ferrari’s wealthy customers are also shielded to some extent from economic concerns that have begun to show up in consumer data.

Given the strength of its first half results and efficient order books, Ferrari said it now expects to report earnings per share of between €4.80 and €4.90 for the full year. , with sales of around 4.9 billion euros. It had previously told investors that full-year earnings per share would fall between €4.55 and €4.75, on revenue of about €4.8 billion.

Ferrari’s second-quarter profit, revenue and shipments all jumped more than 20% from a year ago, to new quarterly records. The CEO said its net orders also hit a record in the quarter Benedetto Vigna in a statement.

Here are the key numbers:

  • Earnings per share: 1.36 euros, compared to 1.11 euros in the second quarter of 2021.
  • Turnover: 1.29 billion euros, compared with 1.04 billion euros in the second quarter of 2021.

Ferrari shipped 3,455 vehicles in the quarter, up 29% from a year ago, driven by strong demand for the V8-engined Portofino M convertible and the mid-engine F8 sports car. The company also confirmed that it has begun production of the new 296 GTB hybrid sports car powered by a V6 engine.

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