Shares in Ferrari drive up after Q2 beat on personalisation, guidance hike
** Shares in Italy's Ferrari RACE.MI rise as much as 5.9% as the company posts Q2 results above expectations and ups its 2024 outlook across the board
** The group beat Q2 estimates thanks to more expensive models in its product range and an increased demand for personal touches on cars
** "Mix is improving as the year progresses as will personalisation take rate," says RBC in a note, casting Ferrari as "a lone zone of safety at both Autos and Retail luxury".
** At 1205 GMT the stock trades up 4.1%, outperforming the STOXX 600 .STOXX index, which falls 0.3%
** The company's management is scheduled to talk to analysts in a post-earnings call at 1300 GMT
Reporting by Enrico Sciacovelli
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