On May 7, Maranello time, Ferrari announced its results for the first quarter ending March 31, 2024.
Ferrari’s first-quarter net income was 1.
585 billion euros (12.
3 billion yuan), up 11 percent from a year earlier.
adjusted net profit was 352 million euros (2.
7 billion yuan), up 19 percent from a year earlier.
diluted earnings per share was 1.
95 euros.
adjusted EBITDA (earnings before tax, interest, depreciation and amortization) was 605 million euros, up 13 percent from a year earlier.
, 
, , Ferrari said the quarterly results benefited from the growth of pricing power, product sales mix and personalized cars.
In particular, the delivery of its limited edition Daytona SP3 (parameter | inquiry) model, which is worth 2 million euros, is increasing.
In terms of sales volume, Ferrari delivered 3560 vehicles in the first quarter, 7 fewer than in the same period in 2023.
Ferrari officials said quarterly shipments reflected intended geographical distribution, resulting in an increase of 39 units in Europe, the Middle East and Africa, 35 units in the Americas, and a decrease of 79 units in Chinese mainland, Hong Kong and Taiwan.
there has been little change in the Asia-Pacific and other regions.
Specifically, sales in China in the first quarter were 317, down 20% from a year earlier.
sales in Europe, the Middle East and Africa were 1573, up 3% from the same period last year.
and sales in the Americas were 997, up 4% from a year earlier.
It is worth noting that delivery growth in Europe and the Americas failed to offset this decline, affected by a 20 per cent decline in China.
Looking forward to the full year, Ferrari expects total revenue to exceed 6.
4 billion euros in 2024 and raise its adjusted EBITDA to more than 2.
45 billion euros for the whole year.
(source: Ferrari official website / thepaper.cn. Compiler / Automobile Home Li Na), return to the first electric website home page >.
