Ferrari profit rises 13% as orders stretch to 2028

Ferrari reported a 13 percent rise in third-quarter net profit on Tuesday and said its order book now reaches into 2028.

The Italian luxury carmaker said net profit was 431 million euros, or $482 million, in the quarter. Net revenue rose 7 percent from a year earlier to 1.896 billion euros, with the company saying increased car personalisation helped growth.

Chief executive Benedetto Vigna said Ferrari was raising its full-year guidance. The company said it now expected adjusted earnings before interest, taxes, depreciation and amortisation to reach at least 3 billion euros in 2026, up from a previous forecast of 2.97 billion euros.

Ferrari said it delivered 3,368 vehicles between July and September, 33 fewer than in the same period last year. Its Milan-listed shares were trading up more than 4 percent at 1400 GMT.