Ferrari lifts annual target after record orders
Published on: Wednesday, August 03, 2022
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Ferrari continues to dominate the luxury car markets in Europe, the Middle East and Africa. (AFP pic)
MILAN: Luxury Italian carmaker Ferrari raised its financial targets for the year today after reporting record orders in the second quarter.

The iconic firm delivered a total of 3,455 cars worldwide in the second three months of 2022, up 28.7% on the previous year, according to a statement.

“The quality of the first six months and the robustness of our business allows us to revise upward the 2022 guidance on all metrics,” said chief executive Benedetto Vigna.

“Also the net order intake reached a new record level in the quarter.”

Turnover jumped 24.9% to €1.29 billion, while net profit rose 22% to €251 million.

For 2022, the group is targeting revenues of €4.9 billion, compared to €4.8 billion previously.

Europe, the Middle East and Africa remained Ferrari’s biggest market in the second quarter, although deliveries spiked 116% in the region of China, Hong Kong and Taiwan.


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