Ferrari’s revenue for the first quarter of the year reached €1.85 billion, marking a 3% increase over last year’s figure and surpassing the expectations of analysts polled by LSEG, who had projected revenue at €1.81 billion. Earnings per share also outperformed analyst forecasts, coming in at €2.33 against an anticipated €2.27.
The company disclosed that 3,436 vehicles were delivered to customers during the first quarter, mirroring the volume from the previous year. Ferrari commented: “Overall delivery volumes were unaffected by the conflict in the Middle East. We leveraged our geographical distribution flexibility by bringing forward certain shipments to other regions.”
Toward the end of March, media outlets reported that due to the conflict in Iran, Ferrari had begun airlifting its supercars built for affluent clients in the Middle East.
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