The net profit of Ferrari increased by 18% in the second quarter

The Italian manufacturer of sports cars Ferrari in the second quarter increased its net profit by 18% year-on-year to 160 million euros. On a per share basis, the figure rose to 85 cents, while analysts had predicted 80 cents. Quarterly revenues amounted to 906 million euros, decreased by 1.6%. Excluding exchange rates, the indicator grew by 1.4%. Analysts had predicted revenue of 924 million euros. The company increased quarterly sales by 5.6% in annual terms to 2 thousand 463 cars. Since the beginning of the year, the capitalization of Ferrari has increased by 30% to 27 billion 270 million euros.

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