Ferrari shares: Continue on record - forecast increase and strong quarterly figures

Ferrari shares: Continue on record - forecast increase and strong quarterly figures

According to a report by stock3.com, records the Italian sports car manufacturer Ferrari N.V. continued record profits. In the third quarter, net profit increased by 104 million euros compared to the previous year to a total of 332 million euros. This is 13% above estimates and shows the company's continued growth momentum. Increased demand for expensive optional equipment helped improve margins and sales mix. Pricing power and the ability to adjust prices allowed Ferrari to record sales of 1.54 billion euros in the third quarter, an increase of 24%. The number of vehicles delivered rose only 8.5% to 3,459, indicating that Ferrari was able to raise prices significantly. The company also announced that order books are fully booked through the end of 2025, indicating continued high demand.

Full-year forecast sales were increased by €100 million to €5.9 billion and free cash flow is expected to be over €900 million. After the forecast increase, the share was valued at a P/E ratio of 45. Ferrari also plans to present the first electric sports car by 2025, which should further boost demand. The forecasts for the coming years show continuous sales growth, an increase in earnings per share and a constant dividend yield.

Ferrari's continued success story and positive future prospects make the company a solid investment for investors. The strong market position and high demand for the luxury vehicles indicate further profitable growth, which could have positive effects for both the market and the industry as a whole.