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Robust Mix Sustained a Strong Start to the Year

Retrieved on: 
星期二, 五月 7, 2024

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%.

Key Points: 
  • 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.

Record 2023 Results Strengthen the Foundation for Continuous Growth

Retrieved on: 
星期四, 二月 1, 2024

2023 Adjusted EBITDA(1) reached Euro 2,279 million, up 28.5% versus the prior year and with an Adjusted EBITDA(1) margin of 38.2%.

Key Points: 
  • 2023 Adjusted EBITDA(1) reached Euro 2,279 million, up 28.5% versus the prior year and with an Adjusted EBITDA(1) margin of 38.2%.
  • 2023 Adjusted EBIT(1) was Euro 1,617 million, increased 31.8% versus the prior year and with an Adjusted EBIT(1) margin of 27.1%.
  • SG&A also grew (Euro 43 million) mainly reflecting the continuous development of the Company’s digital infrastructure and organization, as well as brand investments.
  • As of December 31, 2023, total available liquidity was Euro 1,722 million (Euro 2,058 million as of December 31, 2022), including undrawn committed credit lines of Euro 600 million.

ANOTHER RECORD QUARTER SUSTAINING UPWARD REVISED YEAR-END OUTLOOK

Retrieved on: 
星期四, 十一月 2, 2023

Q3 2023 Adjusted EBIT(1) was Euro 423 million, increased 41.6% versus the prior year and with an Adjusted EBIT(1) margin of 27.4%.

Key Points: 
  • Q3 2023 Adjusted EBIT(1) was Euro 423 million, increased 41.6% versus the prior year and with an Adjusted EBIT(1) margin of 27.4%.
  • Volume was positive (Euro 33 million), reflecting the shipments increase versus the prior year.
  • Industrial costs / research and development expenses increased (Euro 63 million), mainly due to higher depreciation and amortization as well as raw materials cost inflation.
  • Upward revised 2023 guidance, based on the following assumptions for the year:
    Industrial free cash flow generation sustained by strong profitability, partially offset by disciplined capital expenditures and negative change in working capital

Ferrari - Record 2022 Results With Expanding Demand. The Order Book Sustains an Even Stronger 2023

Retrieved on: 
星期四, 二月 2, 2023

2022 EBIT was Euro 1,227 million, increased 14.1% versus the prior year and with an EBIT margin of 24.1%.

Key Points: 
  • 2022 EBIT was Euro 1,227 million, increased 14.1% versus the prior year and with an EBIT margin of 24.1%.
  • Volume was strongly positive (Euro 261 million), reflecting the shipments increase versus the prior year.
  • As of December 31, 2022, total available liquidity was Euro 2,058 million (Euro 2,020 million as of December 31, 2021), including undrawn committed credit lines of Euro 669 million.
  • 2023 guidance, based on the following assumptions:
    Strong mix sustained by rich product portfolio, Ferrari Daytona SP3 and personalizations

Leading Independent Proxy Advisory Firm ISS Recommends Box Stockholders Vote on Box’s BLUE Proxy Card

Retrieved on: 
星期一, 八月 23, 2021

Box, Inc. (NYSE: BOX) today announced that Institutional Shareholder Services ("ISS"), a leading independent proxy advisory firm, has recommended that Box stockholders vote on the companys BLUE proxy card in connection with the companys 2021 Annual Meeting of Stockholders (Annual Meeting), scheduled to be held on September 9, 2021.

Key Points: 
  • Box, Inc. (NYSE: BOX) today announced that Institutional Shareholder Services ("ISS"), a leading independent proxy advisory firm, has recommended that Box stockholders vote on the companys BLUE proxy card in connection with the companys 2021 Annual Meeting of Stockholders (Annual Meeting), scheduled to be held on September 9, 2021.
  • The company urges stockholders to vote FOR ALL of Boxs director nominees Dana Evan, Peter Leav and Aaron Levie on the BLUE proxy card.
  • Commenting on the ISS recommendation, the Box Board of Directors issued the following statement:
    The Box Board is pleased that ISS has recommended that stockholders vote on the companys proxy card and recognizes that the Box of today is not the Box of 2019.
  • Stockholders are urged to discard any WHITE proxy materials and to only vote using the BLUE proxy card.