Ferrari guided for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of between 1.70-1.73 billion euros this year, versus a previous forecast of between 1.65-1.70 billion euros.

Milan-listed shares in Ferrari trimmed losses after results were published, and were down 0.7% by 1110 GMT.

(Reporting by Giulio Piovaccari; Editing by Keith Weir)