Ferrari’s shares fell more than 12% this Thursday, which led them to their greatest daily fall since their IPO left nine years ago. The luxury sports car manufacturer maintained its forecasts, although it announced that it would cut prices in the US.
Citi analysts said that, although Ferrari continued to present solid results, the attention now focused on whether the group, which is quoted in the bags of Milan and New York, can maintain its high profitability in the midst of a slowdown in growth in sales volumes and prices.
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Ferrari will reduce its prices in the US
“Attention now focuses on the Ebit margin in the second semester, with the deceleration of shipments and average sales prices,” wrote Harald Hendrikse of Citi.
Ferrari announced that it will reduce the price compensation that it introduced in April for some cars sold in the United States once the tariffs on products manufactured in the European Union (EU) go from 27.5 to 15%.
With Reuters information.
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