Ups FY guidance (Il Sole 24 Ore Radiocor) - Milan, 01 Aug - The Italian sports car producer Ferrari said that in the second quarter of 2024 adjusted net profit rose 24% year on year to 413 million euros and adjusted diluted earnings per share grew 25% to 2.29 euros Net revenue amounted to 1.712 million billion, up a reported 16.2% and 18.9% at constant currency.

Adjusted EBITDA rose 13.7% to 669 million euros and adjusted EBIT rose 17.0% to 511 million euros.

Industrial free cash flow generation reached 121 million euros.

Shipments totaled 3,484 units in the second quarter, up 2.7% versus the prior year.

Ferrari revised its 2024 guidance upward.

The company now expects net revenue of 6.55 billion euros in the full year against a previous estimate of 6.40 billion.

Adjusted diluted EPS is now seen at least 7.90 euros, against a previous forecast of at least 7.50 euros.

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(RADIOCOR) 01-08-24 15:17:42 (0553) 5 NNNN