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Stock impact report

Strong First Quarter Results and Record Order Book. DECISIVE MANAGEMENT OF COVID-19 PANDEMIC IMPACTS

Ferrari NV (RACE)  More Company Research Source: GlobeNewswire
Last ferrari nv earnings: 2/4 05:58 am Check Earnings Report
US:NYSE Investor Relations: corporate.ferrari.com/en/investors
PDF STRONG FIRST QUARTER RESULTS AND RECORD ORDER BOOK DECISIVE MANAGEMENT OF COVID-19 PANDEMIC IMPACTS Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results for the first quarter ended March 31, 2021: Total shipments of 2,771 units, slightly up versus prior year Net revenues of Euro 1,011 million, up by 8.5%EBITDA of Euro 376 million, up 18.6% versus prior year, with an EBITDA margin of 37.2%EBIT of Euro 266 million, up 20.9% versus prior year, with an EBIT margin of 26.3%Net profit of Euro 206 million and diluted EPS at Euro 1.11Sound industrial free cash flow generation of Euro 147 millionConfident to reach top end of the 2021 guidance range on the back of excellent results, robust net order intake as well as record order book as at the end of Q1 20212022 financial targets postponed by one year due to Covid-19 Commenting on the results and the outlook, Chairman and Acting CEO John Elkann said: “This strong start augurs [Read more]
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