The Italian luxury car manufacturer Ferrari reported a slight increase in its quarterly profit, partially supported by rising sponsorship revenues, despite deliveries remaining unchanged, AFP reported. The company delivered 3,494 vehicles during the second quarter, while revenues grew by 4% to €1.79 billion compared to €1.71 billion for the same period last year.

Ferrari confirmed its full-year forecast, expecting net revenues to exceed €7 billion, in line with first-quarter estimates. The automaker announced it had removed an earlier warning of a 50 basis point margin pressure, thanks to the recently achieved trade agreement between the European Union and the United States — a key market for the brand.

In a statement, the company emphasized that in the second quarter it did not experience significant impact from the introduction of new import tariffs on cars from the EU to the U.S. Industrial costs are expected to decrease in the second half of the year, which will contribute to further margin improvement.

CEO Benedetto Vigna stated that the company is seeing “enormous demand” for the sporty two-door 296 Speciale model, as well as “excellent” initial feedback for the new Ferrari Amalfi coupe, which was unveiled on July 1.

The operating margin improved by 100 basis points compared to last year, with Ferrari reporting a net profit of €425 million for the quarter — a 2.9% increase — and earnings per share of €2.38.

The company confirmed its revenue forecast of over €7 billion for the entire 2025, compared to €6.7 billion for 2024, and projected further improvements in operating profit and net income. | BGNES