Ferrari says core earnings rose 12% in Q1 thanks to strong order book

div classBodysc17zpet90 cdBBJodivpMILAN Reuters – Ferrari 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.p

pAdjusted earnings before interest, tax, depreciation and amortization EBITDA came at 423 million euros 445 million in the JanuaryMarch period, matching analyst expectations of 425 million euros, according to a Reuters poll.pdivdivdiv classBodysc17zpet90 cdBBJodiv

p“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 eurosp

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pp Reporting by Giulio Piovaccari Editing by Keith Weirp

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