Quarterly ResultMay 5, 2026, 06:56 AM
Ferrari Q1 Net Revenues +3% to €1.85B; 2026 Guidance Confirmed
AI Summary
Ferrari N.V. reported strong first-quarter 2026 results, with net revenues increasing 3% to Euro 1,848 million and diluted EPS reaching Euro 2.33. Operating profit rose 1% to Euro 548 million, and industrial free cash flow was Euro 653 million, up 5%. The company confirmed its 2026 guidance, citing an enriched mix, continued demand for personalizations, and a robust order book extending into late 2027.
Key Highlights
- Net revenues increased 3% to Euro 1,848 million (6% at constant currency).
- Operating profit (EBIT) rose 1% to Euro 548 million, with a 29.7% margin.
- Net profit was Euro 413 million, and diluted EPS reached Euro 2.33.
- EBITDA grew 4% to Euro 722 million, achieving a 39.1% margin.
- Industrial free cash flow was Euro 653 million, up 5% year-over-year.
- 2026 guidance for Net Revenues (~Euro 7.50B) and Adj. Diluted EPS (>= Euro 9.45) confirmed.
- Approved a dividend distribution of approximately Euro 640 million.
- Announced a second tranche of share buyback up to Euro 250 million.