Robust Mix Sustained a Strong Start to the Year
Q1 2024 Adjusted EBIT(1) was Euro 442 million, increased 14.8% versus the prior year and with an Adjusted EBIT(1) margin of 27.9%.
- Q1 2024 Adjusted EBIT(1) was Euro 442 million, increased 14.8% versus the prior year and with an Adjusted EBIT(1) margin of 27.9%.
- Volume was slightly negative (Euro 8 million), mainly driven by lower range models deliveries.
- The Mix / price variance performance was very strong and positive (Euro 123 million), mainly reflecting the enrichment of the product mix, sustained by the Daytona SP3, the increased contribution from personalizations and the positive country mix driven by Americas.
- Industrial costs / research and development expenses increased (Euro 29 million), mainly due to higher innovation expenses as well as depreciation and amortization.