Racing Force Group Reports Growth Amidst Global Uncertainty

Racing Force S.p.A. announced an increase in consolidated revenue for the first nine months of 2024, totaling €50.8 million, up 2.0% from the previous year. The third quarter saw a revenue of €13.2 million, showing a 5.0% growth year-on-year. The Americas played a significant role, with an 11.0% revenue increase in Q3 despite a modest year-to-date decline.

Driver's Equipment sales rose by €1.6 million, with the OMP brand and BELL helmets performing strongly. Car Parts revenue increased by 3.0%, attributed to commitments from key automotive manufacturers. However, the Other segment saw a 24.5% drop due to non-recurring orders last year.

Dealers remained critical, contributing 62% of total sales, while partnerships with teams and manufacturers, notably in NASCAR, propelled growth. Cautious optimism persists, especially in the Americas, as the company navigates geopolitical uncertainties and recent interest rate adjustments.