Ferrari ended the second quarter with net revenues of 1.787 billion euros, up 4.4% year-on-year, and with 3,494 deliveries, virtually unchanged. Operating profit was 552 million euros, up 8.1% from the previous year, with an operating profit margin of 30.9%, net income was 425 million (+3%), and diluted earnings per share were 2.38 euros. No significant impact from the introduction of duties on EU-sourced car imports to the US. Therefore, the Maranello-based company reinforces confidence in its financial targets for the year. The risk of a reduction in percentage margins of 50 basis points, highlighted on March 27 after the introduction of higher duties on cars, "has been removed", it explains, “following the recent agreement on lower levels reached between the U.S. and the EU, and the expectation of lower industrial costs in the second half of the year compared to initial expectations”. For 2025, the targets are thus confirmed: revenues to grow by at least 5% compared to 2024 to more than €7 billion, and again by 5% for adjusted ebitda to more than €2.68 billion. Industrial free cash flow is expected to be above 1.2 billion euros, up at least 17% from last year.