Ferrari Q1 profit up 22% to 180 mn

(ANSA) - Turin, May 7 - Ferrari on Tuesday posted first-quarter net profits up 22% to 180 million euros.
    The luxury sports car maker confirmed its 2019 targets.
    It said it expected earnings of over 3.5 billion euros, up more than 3% on 2018.
    It also saw an adjusted EBITDA between 1.2 and 1.25 billion, up 10%, and an adjusted EBIT between 0.8 and 0.9 billion, up 6%.
    Industrial free cash flow will be 0.45 billion, up more than 10%, Ferrari said.