Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today's Ferrari 2019 Second Quarter Results Conference Call. I must advise you that this conference is being recorded today, Friday the 2nd of August, 2019.
And now I would like to hand the conference over to your speaker today, Ms. Nicoletta Russo, Head of Investor Relations. Please go ahead.
Thank you, Priscilla, and welcome to everyone, who's joining us. Today's call will be hosted by the Group CEO, Louis Camilleri and Group CFO, Antonio Picca Piccon.
All relevant materials are available in the Investors Section of the Ferrari corporate website and at the end of the presentation, we will be available to answer your questions.
Before we begin, let me remind you that any forward-looking statements we might make during today's call are subject to the risks and uncertainties mentioned in the safe harbor statement included on Page 2 of today's presentation, and the call will be governed by this language.
With that said, I'd like to turn the call over to Mr. Camilleri.
Thank you, Nicoletta. Good afternoon, and morning everyone. We delivered strong results in the second quarter, confirming our sustained growth momentum across all metrics. Indeed our core car revenue growth was up 14.3%, generating an increase in our earnings per share of 13.9%. Our free cash flow was again remarkable following the robust first quarter performance.
As highlighted in our release earlier today, we are now sufficiently confident to confirm our guidance at current exchange rates to the top of our range on all metrics. And furthermore, our increasing our cash flow target to more than EUR550 million. This confidence rest on the momentum that we enjoy and our order book that has reached record levels in both absolute and relative terms.
As you're all aware, we unveiled two new models so far this year, the F8 Tributo, which celebrates our multiple award winning V8 turbo engine. And the SF90 Stradale, our first top of the range series production in hybrid, which in turn salutes the 90th anniversary of the foundation of the Scuderia Ferrari. Both models have garnered worldwide acclaim for their design and performance.
Orders for the F8 Tributo are exceeding our expectations. And as mentioned during our last earnings call, are ahead of both the full 458 and 488 for the respective corresponding period since the launch. The SF90 Stradale opens a new era for us on multiple fronts. I could wax lyrical on all its features and engineering complexity for a while, but in the interest of time, I will focus on the essentials. Its performance metrics are truly remarkable. It contains a multitude of world premier engineering model 15 to be precise. It reflects a leap forward in our HMI offerings and on that point, it alone contains more than a 100 million lines of coding. More software than an Airbus A350.
It proves that our hybrid Ferrari retains the DNA of a true Ferrari. I'm very importantly, especially
Head, Investor Relations
Chief Executive Officer
Antonio Picca Piccon
Chief Financial Officer
Martino de Ambroggi
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