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Time of India
06-05-2025
- Automotive
- Time of India
Ferrari reports 15% rise in Q1 earnings, confirms forecasts despite tariff risks
Ferrari reported a 15% increase in first-quarter core earnings, reaching 693 million euros, driven by pricier models and strong demand for personalized features. Despite potential margin impacts from U.S. tariffs, the company reaffirmed its full-year guidance, projecting core earnings of at least 2.68 billion euros for 2025. Ferrari's first fully electric car is anticipated to be unveiled in October. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Ferrari reported a 15% rise in first-quarter core earnings on Tuesday and stuck to its broad financial guidance for the year, despite a string of automakers scrapping forecasts due to U.S. President Donald Trump's Italian luxury sports car maker warned U.S. tariffs could cut 50 basis points off its 2025 profit it still kept its forecasts, including for full-year earnings before interest, taxes, depreciation and amortisation (EBITDA) of at least 2.68 billion euros ($3.04 billion) and an EBITDA margin of at least 38.3%.Bernstein analysts said that was a sign of confidence at a time when the likes of Mercedes, Ford and Stellantis have suspended guidance."Ferrari stands out," the analysts said in a shares in the company reversed earlier losses after results were published, and were up 1.1% at 1255 the first quarter, Ferrari's core earnings amounted to 693 million euros, close to analysts' consensus forecast of 689 million euros in a Reuters result was driven by a pricier lineup, including the SF90XX family, the 12Cilindri and the 499P Modificata models, as well as increased demand for personal touches requested by buyers and from more profitable markets, driven by the were little changed in the quarter at 3,593 cars, "underscoring a strong profitability", Chief Executive Benedetto Vigna said."We continue to enrich our product offering," he added,Ferrari last week unveiled the new 296 Speciale plug-in hybrid model and its convertible version, and has promised a total of six new models this will include Ferrari's first ever full-electric car, expected at the beginning of October.
BBC News
20-02-2025
- BBC News
Manchester Airport: Man dies after arrest by border police
A man has died at Manchester Airport after he was seen "displaying unusual behaviour" before being arrested, the police watchdog has Independent Office for Police Conduct (IOPC) said it was investigating the circumstances after the 27-year-old was pronounced dead at 13:53 a statement, the IOPC said: "The man was due to travel from the airport on Wednesday and was stopped after displaying unusual behaviour."He was subsequently arrested by officers and taken to a holding area where he became unwell and paramedics were called. Sadly, he was pronounced dead." The watchdog said its investigators had been at the scene gathering director Amanda Rowe said: "First and foremost, our thoughts are with the man's family and loved ones, as well as all those affected by his death."When someone dies after being taken into custody, it is important for there to be a thorough investigation to understand what has happened."We have been in touch with the man's family to explain our role and will keep them updated as the investigation progresses. Our investigation is in its very early stages and no further information is available at this time." Listen to the best of BBC Radio Manchester on Sounds and follow BBC Manchester on Facebook, X, and Instagram and watch BBC North West Tonight on BBC iPlayer
