Ferrari (RACE IM) Q1 2026 (EUR): EPS 2.33 (exp. 2.31), Revenue 1.85bln (exp. 1.83bln), EBITDA 722mln (exp. 710mln). Affirms FY26 guidance.
- Total deliveries were not impacted by the surge of hostilities in the Middle East, as Ferrari leveraged its geographical allocation flexibility, bringing forward certain deliveries to other regions.
Context
Ferrari's Q1 2026 results slightly beat expectations on EPS, revenue, and EBITDA, showcasing a solid start to the year. The company's ability to navigate geopolitical tensions without significant disruption to deliveries highlights operational resilience. Affirming FY26 guidance indicates confidence in maintaining performance amidst challenging market conditions, which is a positive signal for investors.
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