trending Market Intelligence /marketintelligence/en/news-insights/trending/ccEqrdATmbyd-ePT9xIxYw2 content esgSubNav
In This List

Ferrari Q1 profit climbs 21.9% YOY

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Ferrari Q1 profit climbs 21.9% YOY

Ferrari NV said its normalized net income for the first quarter was €60.5 million, a gain of 21.9% from €49.6 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 9.7% from 8.0% in the year-earlier period.

Total revenue totaled €620.9 million, compared with €619.9 million in the prior-year period, and total operating expenses declined on an annual basis to €525.0 million from €539.6 million.

Reported net income totaled €64.4 million, compared with €53.6 million in the year-earlier period.