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Ferrari, Hugo Boss, Estée Lauder : convincing results

Ferrari, Hugo Boss, Estée Lauder : convincing results

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This week, the quarterly results of the biggest luxury brands were published. Ferrari, Hugo Boss, and Estée Lauder all performed better than expected, with earnings beating expectations.

 

Ferrari : a promising start to the year

 

Ferrari achieved 1.01 billion euros in sales in the first quarter of 2021, an increase of 8.5% compared to a decline of 8.1% in 2020 to 3.46 billion euros. The brand made a net profit of 206 million euros, up 24%, while the order book has continued to grow, with an increase of more than 20% according to John Elkann, Ferrari’s president.

 

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