Ferrari sank 13% on Wall Street, the worst low from its extent

The actions of Ferrarithe famous Italian manufacturer of supercar vehicles, almost 13% collapsed in Wall Street to the lowest level since April, since the market began fear of the company despite having reported solid balances.

Punctually, the corporation suffered the worst leave from its extent after revealing that would cut the prices of their vehicles in the USone of its main markets. According to analysts of Citigroupthe problem is that this would impact the profit margins for the deceleration of growth in sales volumes and prices.

“The attention now focuses on how far the profit margin can go before interest and taxes in the second semester, with shipments and (average sales prices) slowing down,” the executive wrote Harald Hendrikse In a note published for its customers.

The market does not forget the good balances

Fortunately, the company reported solid financial results corresponding to the second quarter of the year, which exceeded the expectations of Wall Street.

Ferrari registered income for 1,787 million euroswhich represents an interannual improvement of 4% in constant currency and a figure aligned with the expectations of analysts.

Of the total, 1,507 million euros came from the sale of vehicles and auto partswhile 205 million euros arrived due to commercial associations.

In turn, The net adjusted profit was 425 million euros3% more than in the same period of the previous year. In this way, the benefit per share closed the quarter by 2.38 euros, when market estimates were 2.12 euros.

On the other hand, Ferrari reported that sold 3,494 units in the three months10 cars more than in the second quarter of 2024. The total deliveries was divided between Europe, the Middle East and Africa (1,646); America (993); China, Hong Kong and Taiwan (274) and the rest of Asia Pacific (581).