Ferrari experienced a 24% rise in profit to $328.8M on a 10% rise in shipments in the first quarter of the year; revenue surged 20% to $1.55B YoY. EPS of $1.76 exceeded analysts' estimates of $1.60. Ferrari's EBIT profit margin increased one percentage point from the prior year to reach 26.9%. - High demand for products like the Portofino M, 296 GTB, and 812 Competizione was the primary factor in the company's successful performance.
- Ferrari's order book is filled until 2025, indicating upcoming solid demand.
- Ferrari's Purosangue SUV-like model, priced at $400,000, is set for delivery in Europe by the end of Q2 and in the U.S. by Q3.
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