Adjusted earnings before interest, tax, depreciation and amortization came in at 311 million euros in the January-March period, Ferrari said on Tuesday.Ferrari shares rose as much as 4.7 percent on the results.
Ferrari has been a highlight of the auto industry since its 2015 IPO and spinoff from former parent, Fiat Chrysler Automobiles. Shares are up 163%, versus a flat or declining performance from other carmakers.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
In the world...you have cars and you have Ferrari