Ferrari: solid results - but no surprises
(CercleFinance.com) - On Wednesday Ferrari announced a 16% increase in its Q1 net profit and confirmed its forecasts for the whole year.
The Italian sports car maker announced net profit of 239 million euros for Q1, up 16% from the 206 million euros a year earlier.
Ferrari also reported EBITDA of 423 million euros, up 12%, on the back of a 17% increase in revenues to 1.19 billion euros, with this performance in line with expectations.
The Maranello-based group said it had delivered 3,251 vehicles during the quarter, compared to 2,771 a year earlier.
Ferrari also confirmed its FY forecasts, still expecting sales of around 4.8 billion euros for an Ebitda of 1.65 to 1.70 billion euros.
Following this solid, although unsurprising publication, the share was down 2% in afternoon trading on the Milan Stock Exchange.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The Italian sports car maker announced net profit of 239 million euros for Q1, up 16% from the 206 million euros a year earlier.
Ferrari also reported EBITDA of 423 million euros, up 12%, on the back of a 17% increase in revenues to 1.19 billion euros, with this performance in line with expectations.
The Maranello-based group said it had delivered 3,251 vehicles during the quarter, compared to 2,771 a year earlier.
Ferrari also confirmed its FY forecasts, still expecting sales of around 4.8 billion euros for an Ebitda of 1.65 to 1.70 billion euros.
Following this solid, although unsurprising publication, the share was down 2% in afternoon trading on the Milan Stock Exchange.
Copyright (c) 2022 CercleFinance.com. All rights reserved.