- Ferrari NV (NYSE:RACE) reported second-quarter FY22 sales growth of 24.9% year-on-year to €1.291 billion.
- Total shipments of 3,455 units improved 28.7% from last year.
- Car and spare parts revenue rose 25% Y/Y, and Engines decreased by 8%.
- EBITDA rose 15.5% Y/Y to €446 million, and the margin contracted 280 basis points Y/Y to 34.6%.
- EPS of €1.36 improved 23% from €1.11 last year.
- Cash flow from operating activities totaled €172 million with a €6 million free cash flow.
- Outlook: Ferrari sees FY22 revenue of about €4.9 billion (previously about €4.80 billion) and adjusted EPS of €4.80 – €4.90 (previously €4.55 – €4.75).
- Price Action: RACE shares are trading lower by 0.29% at $212.60 on the last check Tuesday.
- Photo Via Company
‘DTE Energy Seeking Renewable Energy Projects To Advance Electric Generation Fleet Transformation’ – Skrift
https://skrift.meltwater.io/site/5e12ac481b7bea03e16a9079/article/63ca97daa65105001a7bff67
DTE Energy (NYSE:DTE) today announced that it is seeking renewable energy projects totaling up to 850 megawatts as part
