Ferrari Reports Record First Half Year Sales And Profits

Italian sports car brand Ferrari reports record first half (January to June) 2023 sales and profits. 

Ferrari delivered 3,392 vehicles worldwide in the Q2 (-2%), and 6,959 units from January to June (+4%).

Sales between January and June, 2023 helped by the strong demand for the 296 GTB, the Roma and the Portofino M.

Revenues for Q2 were Euro 1,474 million (+14.1%), while revenues from Cars/spare parts rose to Euro 1,259 million (up 14.9%).

Ferrari Roma

Ferrari has announced results for second quarter and first-half ended June 30, 2023, becoming the latest luxury supercar manufacturer to post record profits after Lamborghini announced a new record sales.

Thanks to strong demand for the 296 GTB, the Roma and the Portofino M, the Italian sports car brand was able to deliver a total of 3,392 vehicles worldwide in the second quarter (-2%), and 6,959 units from January to June, +4% versus the prior H1.

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Ferrari 296 GTB

Net revenues for Q2 2023 were Euro 1,474 million (+14.1%), while revenues from Cars and spare parts rose to Euro 1,259 million (up 14.9%), thanks to increased contribution from personalizations and pricing.

In Q2 2023, deliveries to EMEA increased by 17.3% while Americas was down by 17.5%. Deliveries to Mainland China, Hong Kong and Taiwan was almost in line with prior year while deliveries to the rest of Asia-Pacific (APAC) decreased by 15.6%.

“The second quarter ended with exceptional financial results, highlighting strong margins. Deliveries reflected a rich product mix, while we continue to manage a very strong order book in all geographies.

“The decision to revise the guidance upwards was supported in particular by stunning results in personalizations,” said Benedetto Vigna, Ferrari Chief Executive Officer.

“Innovation is at the heart of Ferrari and continues to drive our growth and achievements, such as the unforgettable victory at Le Mans”.

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