Racing Force Group Reports €37.6 Million Revenue in 1H 2024

Racing Force S.p.A., parent of Racing Force Group, announced its consolidated revenue for 1H 2024, reaching €37.6 million. This reflects a slight increase of 1% compared to the same period in 2023. Core business sales excluding seasonal orders grew by 4%.

Driver's Equipment sales rose by €0.7 million (+2.5%), propelled by the OMP brand. Car Parts turnover increased by €0.4 million (+5.4%), while sales in the Other segment fell by €0.7 million (-23.9%) due to non-technical Racing Spirit branded apparel sold in early 2023.

The APAC region, including Australia, China, and Japan, saw a 13.2% growth over last year. EMEA sales were marginally up by 1.3%, whereas Americas sales decreased by 4.4%, despite a 4.5% rise in Q2 2024 compared to Q2 2023. Excluding certain apparel orders, EMEA and Americas saw growth rates of 2.8% and 3.3% respectively.

Dealers accounted for 62% of the total revenue. Revenue from Team & Car Manufacturers increased by 3.2%, buoyed by key partnerships in major championships like Nascar. Sales to other customers remained steady. CEO Paolo Delprato highlighted notable growth in the APAC region and recovery signs in the Americas.