Ferrari announced that it recorded a profit of €352 million in the first quarter of 2024, representing a 19% increase compared to the same period in 2023.
According to the Maranello brand, net revenues amounted to €1585 million, a 10.9% increase compared to the previous quarter, and delivered 3560 vehicles, a figure “virtually unchanged from the first quarter of last year”, Ferrari revealed in a statement.
“The start of the year was very positive: revenues and profits showed double-digit growth with stable deliveries. This was achieved through an even stronger mix of products and countries”, the manufacturer stated.
The gross operating profit (EBITDA) was €605 million, a 12.7% increase compared to the previous year, while the net operating profit (EBIT) was €442 million, a 14.8% increase.
Revenues in the automotive and parts sector were €1382 million, an 11.4% increase due to the “richer product and geographic mix and greater contribution from customization”.
