Q1 2022: ANOTHER STRONG START
04 Maggio 2022 - 01:35PM
Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today
announces its consolidated preliminary results for the first
quarter ended March 31, 2022.
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- Total shipments of 3,251 units, up 17.3% versus Q1 2021
- Net revenues of Euro 1,186 million, up 17.3% versus prior
year
- EBITDA of Euro 423 million, up 12.5% versus prior year. EBITDA
margin of 35.6%.
- EBIT of Euro 307 million, up 15.4% versus prior year. EBIT
margin of 25.9%.
- Net profit of Euro 239 million and diluted EPS at Euro
1.29
- Exceptional industrial free cash flow generation of Euro 299
million
“In the start of the year we recorded excellent results, with a
double-digit growth on the main financial indicators. The first
quarter was characterized by a record level of revenues, EBITDA and
industrial free cash flow, which almost doubled to approximately
Euro 300 million thanks in particular to the collection of advances
on the Daytona SP3. Margins in the quarter were in line with our
guidance”, stated the CEO of Ferrari, Benedetto
Vigna. “These results were sustained by a strong net order
intake, which continued firmly over the first three months of the
year: today the order book already covers well into 2023 and most
of our models are sold out. Despite 2022 has been marked by several
uncertainties in the geopolitical scenario, I therefore remain
optimistic about the future prospect of the Company that we will
present soon at the Capital Markets Day”.
- 2022_05_04 - Ferrari Q1 2022 Results Press Release
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