This was partially offset by lower deliveries of the Daytona SP3 compared to the Monza SP1 and SP2 in Q1 last year. The Mix / price variance performance was also positive (Euro 85 million) mainly reflecting the increased personalizations, the enrichment of the product mix and the positive country mix sustained by Americas and Mainland China, Hong Kong and Taiwan and pricing. Volume was positive (Euro 28 million), reflecting the shipments increase versus the prior year. Q1 2023 Adjusted EBIT (1) was Euro 385 million, increased 25.3% versus the prior year and with an Adjusted EBIT (1) margin of 26.9%. Q1 2023 Adjusted EBITDA (1) reached Euro 537 million, up 27.0% versus the prior year and with an Adjusted EBITDA (1) margin of 37.6%. We are on track with our electrification journey on the development of both sports cars and infrastructures in Maranello”. We have decided to reopen orders for the Purosangue, suspended due to an initial unprecedented demand, and launched the Roma Spider to further enrich our offer. “Our order book already extends into 2025 with an award-winning product portfolio. Double-digit growth across the main parameters, with EBITDA margin at 37.6% reaching a new high and net profit up to Euro 297 million,” said Benedetto Vigna, Ferrari CEO. “Another exceptional quarter for Ferrari. Industrial free cash flow (1) generation of Euro 269 million.Adjusted net profit (1) of Euro 297 million and adjusted diluted EPS (1) at Euro 1.62.Adjusted EBITDA (1) margin of 37.6% and Adjusted EBIT (1) margin of 26.9% in the quarter.Adjusted EBIT (1) of Euro 385 million, up 25.3% versus prior year.Adjusted EBITDA ( ) of Euro 537 million, up 27.0% versus prior year.Net revenues of Euro 1,429 million, up 20.5% versus prior year.
Total shipments of 3,567 units, up 9.7% versus Q1 2022.
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