Glonghui, May 16 | Ferretti (09638.HK) announced that net profit: 22.2 million euros in the first quarter of 2024 was 22.2 million euros, an increase of about 19.4% over 18.6 million euros in the first quarter of 2023.
New orders: 266.6 million euros in the first quarter of 2024, a slight decrease of about 13.3% from 307.5 million euros in the first quarter of 2023, mainly due to the impact on business performance in North America, Central America and South America, especially the US presidential election and high interest rates.
Cumulative orders: Thanks to orders received last year, it reached EUR 1,643.4 million as of March 31, 2024, an increase of approximately 10.2% compared to EUR 1,491.1 million on 31 December 2023.
The Group has formulated the following ideal financial guidelines for 2024 to be achieved by implementing its strategy. Adjusted EBITDA: Approximately €195 million to €200 million in 2024 (equivalent to an increase of around 15.2% to 18.2%). Cash turnover ratio: The medium-term target is above 85%.