Exor is not exactly coming out of the lunch break well, because its share is rapidly losing several percent. This apparently has to do with Ferrari, in which Exor has an interest. The supercar manufacturer came up with figures that initially seemed quite favorable. The market thinks differently about this:
The group was faced with a flat supply of vehicles. Ferrari is not alone in this, because Mercedes and Stellantis also had to deal with a disappointing first quarter. “The surge in deliveries in Europe and the Americas failed to offset a 20% drop in China, where tariffs are weighing on the profitability of Ferrari’s Italian-made supercars,” said Bloomberg Intelligence analyst Mike Dean.
As mentioned, more automakers are under pressure from the broader economic headwinds that are even starting to impact resilient consumer luxury goods. For example, Porsche also warned last month of a slowdown in China, because consumers are no longer paying attention to petrol cars.
But there is also good news! The AEX has just touched the 900-point limit for the first time (3:10 p.m.).
The IEX Editorial Team consists of a team of content managers, journalists and analysts, with more than a hundred years of experience in producing and publishing investment information and opinions. The information in this column is not intended as professional investment advice or as a recommendation to make certain investments. It is possible that editorial staff hold positions in one or more of the funds mentioned.
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