MILAN (Reuters) -Luxury sports-car maker Ferrari said on Thursday its core earnings rose 6% in the second quarter, supported by strong pricing power and richer product offerings, while seeing a reduced impacts from new U.S. tariffs on EU-made products. The Italian company said its earnings before interest, tax, depreciation and amortization (EBITDA) amounted to 709 […]
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Ferrari’s core profit up 6% in Q2 as luxury carmaker sees reduced tariff impact
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MILAN (Reuters) -Luxury sports-car maker Ferrari said on Thursday its core earnings rose 6% in the second quarter, supported by strong pricing power and richer product offerings, while seeing a reduced impacts from new U.S. tariffs on EU-made products.
The Italian company said its earnings before interest, tax, depreciation and amortization (EBITDA) amounted to 709 million euros ($810 million) in the April-June period, matching an analyst consensus of 707 million euros in a Reuters poll.
Milan-listed shares extended losses after the results were published and by 1050 GMT they were down 2.5%. ($1 = 0.8748 euros)
(Reporting by Giulio PiovaccariEditing by Keith Weir)