MILAN — Ferrari raised its forecasts for full-year revenue and core earnings after better results in the second quarter.
The sports-car maker now sees adjusted earnings before interest, taxes, depreciation and amortisation of as much as 2.22 billion euros ($2.44 billion) this year, up from as much as 2.18 billion euros announced in February.
Ferrari raised its full-year sales outlook to 5.8 billion euros from a previous guidance of about 5.7 billion euros.
The guidance upgrade was supported in particular by better than expected results in personalisations, CEO Bendetto Vigna said in a statement on Wednesday, as well as by a strong product mix.
Personalisations are added touches a customer requests to make the car more suited to their tastes.
