Earnings

Ferrari’s 2022 earnings jump 13%, supercar maker guides to strong 2023

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Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022.

Flavio Lo Scalzo | Reuters

Ferrari on Thursday reported full-year profits up 13% year over year and guided to an even stronger year in 2023 on what its CEO called “persistently high demand” for the company’s high-priced sports cars.

Here are the key numbers from the fourth-quarter earnings report:

  • Earnings per share: 1.21 euros, versus 1.16 euros in the fourth quarter of 2021.
  • Revenue: 1.368 billion euros, versus 1.172 billion euros in the year-ago quarter.

For the full year, Ferrari earned 939 million euros, or 5.09 euros per share, on revenue of 5.095 billion…



Source cnbc.com

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