Earnings release
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CONTINUING STRONG MOMENTUM ACROSS ALL REGIONS ● Total shipments of 2,685 units , almost doubled versus prior year and up 0.5 % versus Q2 2019 Net revenues of Euro 1,035 million , nearly doubled versus prior year and up 5.2 % versus Q2 2019 EBITDA ( ¹ ) of Euro 386 million , tripled versus prior year and up 23.0 % versus Q2 2019. EBITDA ( 1 ) margin of 37.4 % in Q2 2021 . EBIT of Euro 274 million versus Euro 23 million of prior year and up 14.8 % versus Q2 2019. EBIT margin of 26.5 % in Q2 2021 . Net profit of Euro 206 million and diluted EPS¹ ) at Euro 1.11 Sound industrial free cash flow generation of Euro 113 million and guidance for the year improved to approx . Euro 450 million ( from approx . Euro 350 million ) Next Capital Markets Day planned for June 16 , 2022 in Maranello Commenting on the results , Chairman and Acting CEO John Elkann said : “ This excellent second quarter confirms the strength of Ferrari and of its unique business model . With each Ferrari we unveil we are setting new benchmarks for innovation , beauty and distinctiveness which is the only true luxury . As we move towards our 75th anniversary next year , our opportunities have never been wider and greater . " For the three months ended June 30 , 2020 2021 2,685 1,389 1,296 1,035 571 464 124 21.9 % 386 37.4 % 274 26.5 % 206 1.11 1.11 Ferrari N.V. Change 23 4.0 % 1,550 bps 251 1,085 % 2,250 bps 197 2,086 % 1.06 2,120 % 0.05 0.04 1.07 2,675 % 9 93 % 81 % 262 210 % ( In Euro million , unless otherwise stated ) Amsterdam , The Netherlands Shipments ( in units ) Net revenues 1 Refer to specific paragraph on non - GAAP financial measures EBITDA ( ¹ ) / Adj . EBITDA ( ¹ ) EBITDA ( ¹ ) / Adj . EBITDA ( 1¹ ) margin EBIT / Adj . EBIT ( ¹ ) EBIT / Adj . EBIT¹ ) margin Net profit / Adj . net profit ( ¹ ) Basic EPS / Adj . basic EPS¹ ) ( in Euro ) Diluted EPS / Adj . diluted EPS¹ ) ( in Euro ) Registered Office : Via Abetone Inferiore N. 4 , I - 41053 Maranello ( MO ) Italy For the six months ended June 30 , 2021 5,456 2,046 762 37.3 % 540 26.4 % 412 2.22 2.22 Dutch trade registration number : 64060977 ZOZO Change 4,127 1,329 32 % 1,503 543 36 % 321 73 % 790 bps 441 29.4 % 243 16.2 % 175 297 122 % 1,020 bps 237 135 % 0.95 1.27 134 % 0.94 1.28 136 % corporate . ferrari.com