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Income Statement (EUR)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 1.71B | 8% |
| Gross Profit | 855M | 6.5% |
| Cost of Revenue | 857M | 9.6% |
| Operating expense | 347M | 2.2% |
| Net Income | 412M | 17.3% |
| EBITDA | 667M | 8.9% |
Balance Sheet (EUR)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 8.89B | 2.8% |
| Total Liabilities | 5.78B | 7.7% |
| Total Equity | 3.1B | 5.3% |
| Shares Outstanding | 180M | 0.2% |
Cash Flow (EUR)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 316M | 37.4% |
| Cash from financing | -82M | 22% |
Financial Highlights for Ferrari in Q2 '24
Ferrari reported a revenue of 1.71B, which is a 8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 855M, marking a 6.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 857M, a 9.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 347M, showing a -2.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 412M, showing a 17.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 667M, showing a 8.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Ferrari with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
