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Ferrari’s revenues take off as super rich level up

Peter Campbell

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London | Ferrari has upgraded its profit forecast after a “stunning” increase in buyers adding expensive features to their supercars boosted quarterly earnings by a third.

Even though car sales fell 2 per cent to 3392 between April and June compared with a year earlier, revenues rose 14 per cent to €1.5 billion ($2.5 billion) and pre-tax profit climbed a third to €334 million.

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    Original URL: https://www.afr.com/life-and-luxury/cars-bikes-and-boats/ferrari-s-revenues-take-off-as-super-rich-level-up-20230803-p5dtiv