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Ferrari (RACE IM) Q1 2026 (EUR): EPS 2.33 (exp. 2.31), Revenue 1.85bln (exp. 1.83bln), EBITDA 722mln (exp. 710mln). Affirms FY26 guidance.

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Total deliveries were not impacted by the surge of hostilities in the Middle East, as Ferrari leveraged its geographical allocation flexibility, bringing forward certain deliveries to other regions.

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