The Limited Times

Now you can see non-English news...

Ferrari, record net profit to grow by 34% in 2023 - Industry and Analysis

2024-02-01T11:49:41.320Z

Highlights: Ferrari, record net profit to grow by 34% in 2023 - Industry and Analysis. Ferrari closed 2023 with a net profit of 1.257 billion, for the first time above the 1 billion threshold, up 34% on 2022. The annual EBITDA margin rose to 38.2%, also in this case a record for the house in Maranello. CEO Benedetto Vigna, Ferrari looks with confidence to the high end of the 2026 targets.


Ferrari closed 2023 with a net profit of 1.257 billion, for the first time above the 1 billion threshold, up 34% on 2022. The annual ebitda margin rose to 38.2%, also in this case a record for the Maranello company. (HANDLE)


Ferrari closed 2023 with a net profit of 1.257 billion, for the first time above the 1 billion threshold, up 34% on 2022. The annual EBITDA margin rose to 38.2%, also in this case a record for the house in Maranello.


    Net revenues amounted to 5.97 billion, 17.2% more than the previous year, with total deliveries of 13,663 units, up 3.3% compared to 2022.


Vigna, Ferrari looks with confidence to the high end of the 2026 targets

“2023 was a very successful year, during which we strengthened our brand through a series of milestones that are reflected in our unprecedented financial results.”

Thus the CEO of Ferrari, Benedetto Vigna, comments on the 2023 results. "We now have before us - adds Vigna - a very important year for the execution of our industrial plan, which continues punctually along a carefully outlined path. The record results of 2023, the ambitions we have for 2024 and the exceptional visibility on our order book allow us to look at the high end of the 2026 targets with strengthened confidence."

Reproduction reserved © Copyright ANSA

Source: ansa

All tech articles on 2024-02-01

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.