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Ferrari’s profits grow 19% to €352 million in the first quarter.

Virgilio Machado by Virgilio Machado
May 7, 2024
in Latest News
Reading Time: 1 min read
0
Lucros da Ferrari crescem 19% para €352 milhões no 1º trimestre

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”.

Tags: FerrariLucrosMaranelloprimeiro trimestre
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