Ferrari sees strong second quarter as Purosangue deliveries start
CFO Antonio Picca Piccon told analysts Ferrari was now applying mid-single digit price increases on selected models and markets it had announced last year. He said the company expected a strong second quarter, followed by a softer second half of the year - the fourth quarter in particular - in line with its planned product cadence.
Bernstein analysts noted that Ferrari's"extremely strong" product mix, pricing power and lengthy order book protected the company against potential recession-driven order cancellations. Ferrari, which has promised its first fully electric model in 2025, confirmed its full-year forecasts, although the Bernstein analysts said they expected them to be raised later in the year.
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