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Hamilton has not yet gotten into a Ferrari, but the Scudería is already starting to earn money: its shares rose 9% in one day

2024-02-01T21:40:20.703Z

Highlights: The arrival of Lewis Hamilton at Ferrari will only occur in 2025. But the effect of his transfer from Mercedes is already having an effect on the company's finances. Hamilton has not yet gotten into a Ferrari, but the Scudería is already starting to earn money. The value of the company is also the highest in its history. It exceeds the threshold of one billion euros for the first time. Now the challenge is to reign supreme in Formula 1 again. We will have to wait until 2025 to see if the hiring of Hamilton by the Scuderia benefits Ferrari shareholders.


The value of the company is also the highest in its history. It exceeds the threshold of one billion euros for the first time. Now the challenge is to reign supreme in Formula 1 again.


The arrival of

Lewis Hamilton

at

Ferrari

that shook the world of motorsports this Thursday will only occur in 2025. But the effect of his transfer from

Mercedes

is already having an effect on the company's finances.

The thing is that without having gotten on the

Prancing Horse

, the British driver is already making his new bosses a lot of money.

The day of news of Hamilton's landing also came with a nod from the markets: the shares were listed at

353 euros

after a rise of

9.2 percent.

The peculiarity of this number is that if it is compared with the closing of the

stock from a year ago,

each paper rose by 100 euros.

On the other hand, net income also increased, reaching

5,970 million euros

,

17.2% more than the previous year

.

In this way, the automaker surpassed the threshold of one billion euros in value for the first time after registering a net profit of 1,250 million euros, 34% more than in 2022.

The

EBITDA margin,

an indicator that allows us to understand the financial health of listed companies, also reached a record number, as it

amounted to 38.2%

.

These are values ​​never seen before by Ferrari.

The highest it had been was 35.9% in 2021.

According to Ferrari's CEO,

Benedetto Vigna ,

2023 was very successful

for them

because they reinforced the brand with milestones that were reflected in their finances.

Vigna also commented that

a bonus will be paid to his employees

.

This bonus will seek

to enhance competitiveness

and will be up to 13,500 euros, but could rise to 17 thousand of the community currency.

By 2024, the Italian team expects revenue to exceed

€6.4 billion

, while adjusted gross operating margin should exceed

€2.45 ​​billion

.

Ferrari shield at the entrance to its factory in Maranello Photo: REUTERS

The sports car manufacturer seeks to achieve

carbon neutrality by 2030

.

It would be the company that would achieve this milestone the fastest.

In 2023, the Maranello company made significant progress on the path to

carbon neutrality

and reduced emissions by 7% (16% compared to 2021).

It also installed

solar panels

at its factory that provide a maximum power of 2.4 megawatts more than last year.

In June, Ferrari will also inaugurate its

e-building

, a building that will be responsible for

manufacturing the components for its electric and hybrid cars

.

This will enrich the offer of its sports products and the launch of three new models.

A bittersweet 2023 in sports

Regarding motorsports 2023, the

Prancing Horse

had its ups and downs.

After 50 years, they won again at the 24 Hours of Le Mans.

While in Formula 1

they were third with 406 points

, three points below Mercedes.

Their drivers could not achieve good results either:

Charles Leclerc finished fifth and Carlos Sainz, who will leave the team to make room for Hamilton, finished sixth

.

We will have to wait

until 2025

to see if the hiring of Hamilton by the

Scuderia

benefits Ferrari shareholders even more and if it can return the winning aura to those of

Maranello

.

Meanwhile, the

tifosi

are waiting with anticipation for the start of the 2024 F1 season

.

The Ferrari AF Corse team celebrates its victory at the 24 Hours of Le Mans.

Photo: EFE/YOAN VALAT

Source: clarin

All news articles on 2024-02-01

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