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Ferrari nudges up full-year forecasts after beating consensus in Q3

By Reuters News

MILAN, Nov 3 (Reuters) - Ferrari RACE.MI on Tuesday raised forecasts for this year's results only marginally after beating consensus on core profit and revenues in the third quarter, helped by sales of higher margin vehicles and contributions from personalisations.

The Italian luxury sports car maker guided for its adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to rise to at least €3 billion ($3.36 billion) in 2026, versus a previous forecast for a result of at least €2.97 billion.

Milan-listed shares in the company extended losses after results were published. By 1140 GMT they were down 4.2%.

($1 = 0.8937 euros)

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