MILAN -- Strong sales of Ferrari's Portofino and 812 Superfast models helped the Italian luxury carmaker raise its 2019 forecasts on Monday.
Ferrari said its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) would be around 1.27 billion euros ($1.42 billion) for the full year, topping a previous forecast of 1.2 billion to 1.25 billion euros.
Ferrari also increased its outlook on 2019 revenue to about 3.7 billion euros ($4.1 billion), from a previous forecast of more than 3.5 billion euros.
In the third quarter, Ferrari's adjusted EBITDA rose 11 percent to 311 million euros ($347 million).
Shipments in the third quarter rose 9.4 percent to 2,474 vehicles, driven by a 9.5 percent increase in sales of eight-cylinder models, such as the Portofino, and a 8.9 percent rise in higher margin 12-cylinder models, such as the 812 Superfast.
Ferrari will present its latest new model in Rome next week, taking the total to five in 2019, including the F90 Stradale, its first hybrid car in series-production to be available in more than a very restricted number.
The first deliveries of the Monza SP1 and SP2 had also begun toward the end of September, Ferrari said in a statement.
To support Ferrari's growth and profitability, CEO Louis Camilleri's strategy plan from September last year promised to launch 15 new models between 2019 and 2022.
Ferrari is also readying a brand diversification strategy.
