Ferrari's Q1 earnings increased 19% to €352m, beating estimates; revenue rose 11% to €1.58bn.
Ferrari's first-quarter earnings increased by 19% to €352 million, surpassing analyst expectations. The Italian luxury car manufacturer's revenue also rose 11% to €1.58 billion. Ferrari's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 13% to €605 million. Deliveries remained stable, while personalizations contributed more to the company's growth. Ferrari's full-year guidance was confirmed, with the company expecting revenue growth of over 7% to more than €6.4 billion and EBITDA to rise by a similar amount to €2.45 billion.
May 07, 2024
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