Ferrari’s first quarter growth is 15%

World World: Luxury sports car maker Ferrari on Tuesday reported its core earnings rose 15% in the first quarter, supported by demand for vehicle personalisation and an improved product mix. The company said its earnings before tax, amortisation and depreciation (EBITDA) stood at 693 million euros ($784 million).

The company confirmed its forecast for its full-year results, but also raised concerns about US tariffs that could impact its profitability this year. Milan-listed Ferrari shares were trading down 1% by 1055 GMT.