The fugitive Presented overall preliminary results related to Third quarter And there Nine months Ended on September 30, 2024, closed with solid growth in business and double-digit growth in profits. Results – he explains. Benedetto VignaFerrari’s CEO – which benefits from a “strong product mix and high contribution from customizations”, but also from “the extraordinary visibility offered by the order book, which covers most of 2026”.
The manager also recalled “constant product innovation – as evidenced by the F80, the supercar just presented – and the process of innovation with the strengthening of our internal capabilities in the field of electrification” and carbon neutrality by 2030. Also recalled the commitment to the Meranello Gas trigeneration plant, ahead of targets.
Quarterly results
Maranello closed the quarter with the team Net income Equivalent to 1,644 million euros, i 6.5 percent increase compared to last year. Adjusted EBITDA. It reached 638 million, i A 7.1 percent increase Compared to the previous year, with an adjusted EBITDA margin of 38.8%, while I adjusted EBIT. 467 million, an increase of 10.3% over the previous year, with an adjusted EBIT margin of 28.4%. L’Utile netto adjusted. Increases by 13 percent and 375 million of the euro, while l’EPS diluito adjust Increases by 14% to 2.08 euros.
Turnover for the nine months rose 11% to more than 4.9 billion euros, while adjusted EBIT rose 14% to 1.4 billion. Adjusted net profit reached 1.1 billion, up 18% in the first nine months of 2023.
Shipments are slightly lower in the quarter.
In the third quarter of 2024 Cars provided They reached 3,383 units with one. A 2.2 percent decrease compared to last year. Reflects the choice of quarterly remittances. Geographical distribution: region EMEA An increase of 28 units was recorded. America Shortage of 26 units, Mainland China, Hong Kong and Taiwan They recorded one
Shortage of 114 units and Rest of APAC (Asia Pacific) increased by 36 units.
Cash flow and financial position
A solid breed of Free cash flow industryEqual to 364 million euros, due to an increase in adjusted EBITDA and a positive change in working capital, funds and other items for 12 million, partly through capital expenditures of 249 million and net interest and taxes for 27 million. Accomplished.
Net industrial debt It also reflects the buyback of its shares at 147 million on September 30, 2024, compared to 441 million on June 30, 2024, at 246 million. On September 30, 2024, total available liquidity was equal to EUR 2,079 million (1,882 million on June 30, 2024), including committed and unused credit lines of EUR 550 million.
An optimistic outlook for 2024
Thanks to these solid results, the horse’s house is ready. Positive forecast for FY2024to indicate Income More than 6.55 billion euros and a Gross operating margin adjust More than 2.5 billion euros, with an operating margin of more than 38 percent. Then waited. Adjusted operating result More than 1.82 billion euros and a Adjusted net profit per share This is more than 7.9 euros. Industrial cash flow is shown at 0.95 billion euros.
