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© Reuters. FILE PHOTO: A Ferrari SF90 Stradale hybrid sports car is seen during a media preview at the Auto Zurich Car Show in Zurich, Switzerland November 3, 2021. REUTERS/Arnd Wiegmann/File Photo
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© Reuters. FILE PHOTO: A Ferrari SF90 Stradale hybrid sports car is seen during a media preview at the Auto Zurich Car Show in Zurich, Switzerland November 3, 2021. REUTERS/Arnd Wiegmann/File Photo
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MILAN (Reuters) – Ferrari (NYSE:) said on Wednesday its core earnings rose 12% in the first quarter as the sports car maker enjoyed a strong order intake, despite the uncertainties marking the global environment this year.
Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) came at 423 million euros ($445 million) in the January-March period, matching analyst expectations of 425 million euros, according to a Reuters poll.
“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,” Chief Executive Benedetto Vigna said in a statement. ($1 = 0.9496 euros)
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