Ferrari NV
RACE: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|q^ | LOCK|@S@ | LOCK|K>qqyfZ |
Ferrari Earnings: Personalization and Mix Continue to Exceed Expectations; Fair Value Unchanged
Ferrari reported 7% revenue and 12% operating profit growth in the third quarter, despite a 1% volume decline. FCF rose to EUR 567 million from EUR 396 million the year prior. Full-year guidance has been lifted again by personalization exceeding 21% and a stronger mix of special series cars.
