Ferrari Q1 2023 Revenue Growth Reopens Purosangue Orders

In an earnings call earlier last week, Ferrari CEO Benedetto Vigna announced that the company has seen a rise in profits in Q1 2023 by 27%. Due to the higher-than-anticipated increase in profits in the first quarter of the year, the Italian luxury carmaker's share price on the Milan stock exchange also hit a record high of about $297 USD on the day of the earnings call. Beating forecasts, Ferrar's EBITDA came in at around $592 million USD with adjusted margins of 37.6%. Ferrari's performance was...