Ferrari

In the third quarter Ferrari posted earnings before interest and taxes of €563 million (+12%) on revenue of €1.9 billion (+7%), driven by a favorable model mix and stronger demand for personalized options. Against this backdrop the company raised its full‑year revenue and profit targets. The newly unveiled all‑electric Luce has secured orders for all the cars Ferrari planned to sell next year, and initial deliveries are set to begin at the end of this year. Ferrari reports no critical production or demand issues and shows an order backlog through 2028. » More on faz.net

Ferrari has finished the roughly 30 m carbon-fiber hull of its single-hulled hypersail yacht and is beginning installation of the keel, rudder and underwater foils. The foils lift the boat out of the water via a flight-control system, are intended to enable speeds up to 50 knots and are powered by batteries with solar assistance. The yacht is being built in Pisa, is due to launch in 2027 and will be used for record attempts and offshore regattas such as the Jules Verne Trophy. » More on heise.de

Jefferies sees up to 10,000 new AI multimillionaires in the US as a long‑term, affluent customer base for Ferrari. In the second quarter, revenue rose 8% to €1.94 billion despite a slight decline in deliveries, driven by pricier models and personalized options. Analysts caution about demand risks for new models such as the electric Luce and the Amalfi; UBS recently cut its price target. Whether the AI wealthy will sustainably boost sales is likely to be clarified for Ferrari investors with the third‑quarter results on November 3. » More on deraktionaer.de