RACE - Ferrari: 98% Of Employees Chose To Be Shareholders You Should Too
2024-05-07 16:12:30 ET
Summary
- Ferrari reports Q1-24 results with double-digit growth, exceeding revenue and earnings expectations.
- Despite currency headwinds and the phasing out of the Maserati contract, Ferrari was able to grow while maintaining strict scarcity and flat shipments.
- Ferrari's order books are sold out into 2026, with 74% of unit deliveries made to existing clients.
Ferrari ( RACE ) just reported its Q1-24 results, and it was a classic Ferrari quarter, in the words of one of the analysts on the call.
The Italian powerhouse exceeded revenue and earnings expectations, with another double-digit growth quarter, despite currency headwinds and the phasing out of the Maserati contract....
Ferrari: 98% Of Employees Chose To Be Shareholders, You Should Too