Ferrari Maintains Guidance, Plans U.S. Price Cuts After EU Tariff Deal

Ferrari reported a solid second quarter with a 4.4% rise in net revenue to 1.79 billion euros and an 8.1% increase in EBIT, reaching a margin of 30.9%. The company removed the 50-basis-point tariff risk from its margin forecast following the EU-US agreement to lower tariffs on EU imports to 15%, down from 27.5%. Despite this, Ferrari maintained its full-year guidance without raising prices or financial forecasts, citing uncertainty about the actual implementation timing of the new tariff scheme. CEO Benedetto Vigna stated that the company would separate tariff costs on invoices for transparency and would reduce the U.S. price premiums introduced in April once the lower tariffs take effect. Most vehicles sold in the second quarter to the U.S. were shipped before the higher tariffs came into force, so the previous price increases were not applied. Ferrari also expressed confidence in lower industrial costs in the second half of the year and is preparing to unveil its first all-electric model next year.