(Boursier.com) — Ferrari is losing ground before the market on Wall Street, while the Italian luxury car manufacturer has nevertheless maintained its 2024 forecasts. For the first quarter, the group posted an adjusted profit up 13%. Adjusted Ebitda reached 605 million euros over the quarter, in line with market expectations.
Deliveries, however, fell to 3,560 units, with a drop of 20% in the region comprising China, Hong Kong and Taiwan. Ferrari still expects annual adjusted Ebitda to increase to at least 2.45 billion euros.
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