Ferrari Announces Strong Q2 And First-Half Results, Driven By Purosangue And Customizations

Ferrari announces strong Q2 and first-half results, driven by Purosangue, 296 GTS and customizations.

Net revenues was €1,712m in Q2, up 16.2%, and €3,297 million between January and June 2024, up 14%.

Shipments totaled 3,484 units in Q2, up 2.7%, while 7,044 Ferraris were delivered in the first half of the year, up 1%.

Revenues from cars and spare parts were €1,474m (up 17.1%, thanks to a richer product, increased personalization.

Ferrari has announced a strong results for the second quarter and first-half of 2024, including a net revenues of €1,712 million in Q2, up 16.2% versus prior year, and €3,297 million between January and June 2024, up 14% versus prior year.

Between April and June, shipments totaled 3,484 units, up 2.7% versus the prior year, while 7,044 Ferraris were delivered across the world in the first half of the year, up 1% against the 6959 sold in H1 2023.

The increase in shipments during the second quarter was driven by Ferrari’s $430,000 Purosangue SUV, the Roma Spider (Convertible) and the 296 GTS. In the quarter, Ferrari also commenced the first few deliveries of the SF90 XX Stradale.

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The Italian sports car said revenues from cars and spare parts were Euro 1,474 million (up 17.1%, thanks to a richer product, increased personalization as well as higher volumes.

“We are delighted to announce excellent financial results in the second quarter of 2024, which demonstrate again a strong execution and continued growth.

“Our net revenues and profitability were up double digit, sustained by the enrichment of the product mix and the increased demand for personalizations, which led us to upgrade our 2024 guidance” said Benedetto Vigna, CEO of Ferrari.

“The quarter was also marked by the inauguration of our new e-building, during a week of events dedicated to sustainable innovation with our stakeholders, and the new victory at the 24 Hours of Le Mans”.

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