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Ferrari posts Q1 revenues of €1.85bn with strong margins and improved cash position, maintaining buy rating.

Company Fundamentals
06 May 2026
Seeking Alpha
View Source
Bullish
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Ferrari reported Q1 revenues of €1.85 billion, a 3% increase (6% FX-neutral), with strong EBITDA margins at 39.1% and EBIT of €548 million. The company benefited from pricing, product mix, and personalization despite lower volumes. Its order book extends into 2027, and net cash improved to €388 million. Ferrari continues share buybacks up to €250 million, supporting earnings per share growth. Despite challenges from tariffs and currency fluctuations, Ferrari's pricing power and brand strength reduce demand risks. The outlook remains unchanged, and analysts maintain a buy rating on the stock.

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