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Order Book

All articles tagged with #order book

finance2 hours ago•15 min saved

Ferrari Q2: Personalization and New Models Drive Momentum

Ferrari reported Q2 revenue €1.94B, EBITDA €755M, and industrial free cash flow €275M, boosted by a richer model mix and a personalization push now representing over 20% of cars and spare-parts revenue. The order book extends through 2027, and management raised full-year guidance as Ferrari launches the electric Luce and the limited-edition 12Cilindri Manuale. Higher costs are expected in the second half (SG&A, R&D, depreciation), while U.S. deliveries were softer due to model transitions and longer personalization lead times, with stronger growth in Europe, the Middle East, and Africa."

via Yahoo Finance|

#earnings #ferrari #finance

business2 years ago•2 min saved

"Ferrari's Stock Soars on Record Earnings and Hamilton's Move"

Ferrari reassures investors with upbeat forecasts for revenue and core earnings, leading to a surge in shares, as the company expects adjusted EBITDA to reach at least 2.45 billion euros in 2024, with a strong order book extending to 2025. The luxury sports car maker's shares rose by as much as 9.5%, nearing a record $100 billion market value, and the company plans to launch its first fully electric car in late 2023. Ferrari's shipments rose 3% in 2023, driven by the demand for its Purosangue model, and the company generated over 930 million euros in cash, with around 800 million to be distributed to shareholders through dividends and share buybacks.

via Reuters.com|

#business #earnings-forecast #electric-car

business2 years ago•3 min saved

Germany's $8 Billion Support Bolsters Siemens Energy's Green Energy Projects

The German government has agreed to provide guarantees worth €7.5 billion ($8.1 billion) to Siemens Energy as part of a deal to support the troubled energy company and help fulfill its order book. The guarantees are part of a larger package totaling €15 billion, which includes guarantees from private banks and other stakeholders. Siemens Energy, which makes gas and wind turbines, is seen as a vital player in Germany's transition to renewable energy. The government's support reflects its view of the company's importance. The guarantees will not involve cash, but rather counter guarantees to private banks.

via Reuters|

#business #german-government #guarantees