Previous Close | 1.2500 |
Open | 1.2500 |
Bid | 0.8500 |
Ask | 1.8500 |
Strike | 135.00 |
Expire Date | 2025-01-17 |
Day's Range | 1.2500 - 1.2500 |
Contract Range | N/A |
Volume | |
Open Interest | 3 |
MILAN (Reuters) -Ferrari's core earnings rose 13% in the first quarter but its shares fell on Tuesday as the luxury sports car maker confirmed its full-year forecasts, failing to excite investors despite what its CEO called a "very positive" start of the year. The Italian company said its quarterly results were boosted by pricing power, the mix of product sales, and a greater contribution from personalised vehicles. Chief Executive Benedetto Vigna said Ferrari had produced double-digit growth for both revenue and profits despite stable car deliveries.
Robust Mix Sustained a Strong Start to the Year Net revenues of Euro 1,585 million, up 10.9% versus prior year, with total shipments of 3,560 units $1flat versus Q1 2023Adjusted EBIT(1) of Euro 442 million, up 14.8% versus prior year, with adjusted EBIT(1) margin of 27.9%Adjusted net profit(1) of Euro 352 million and adjusted diluted EPS(1) at Euro 1.95Adjusted EBITDA(1) of Euro 605 million, up 12.7% versus prior year, with adjusted EBITDA(1) margin of 38.2%Industrial free cash flow(1) generatio
The event, which included a fireside chat at Istituto Marangoni's Miami outpost just steps from the Miami Design District, was held during Miami Grand Prix weekend.