to employees a bonus of 13,500 euros – Corriere.it

Ferrari’s financial results are traveling in double digits, the order book covered up to 2024 and the lockdowns in China do not impact deliveries, so much so that CEO Benedetto Vigna is enthusiastic: These data lay the foundations for an even stronger 2023, fueled by a persistent high demand for our products worldwide. And the estimates for 2023 are revised upwards. La Rossa di Maranello, controlled by Exor, closed 2022 with a net profit of 939 million euros, up 13% compared to a year ago while net revenues rose by 19.3% to 5.095 billion euros. Car deliveries also rose by 18.5% to be precise, to 13,221 units. These data lay the foundations for an even stronger 2023, fueled by persistently high demand for our products around the world, commented Vigna.

Over 6 euros of earnings per share

For this year the Cavallino expects to achieve a net turnover in the order of 5.7 billion euros, with an adjusted Ebitda between 2.13 and 2.18 billion euros and a margin of 38%. As regards the adjusted Ebit, the expectation is between 1.45 and 1.5 billion euros with the guidance for the adjusted diluted earnings per share between 6 and 6.20 euros. All predictions based on a rich product portfolio, from the Ferrari Daytona SP3 to customizations; on a price hike to offset current cost inflation; on an increase in depreciation linked to the start of production of new models; and on a limited improvement in revenues from racing and lifestyle activities.

The Portofino drives orders

The FY2022 product portfolio includes nine internal combustion engine models and three hybrid engine models, which accounted for 78% and 22% of total shipments, respectively. The increase in deliveries during the year was driven by the Ferrari Portofino M and the SF90 family, but also by the acceleration phase of the 296 Gtb and the 812 Competizione. Deliveries of the Ferrari Monza SP1 and SP2 decreased year-over-year and ended in the first quarter of 2022. Deliveries of the first Daytona SP3s began in the fourth quarter of 2022. All geographical areas contributed positively. The EMEA region recorded an increase of 8.5%, the Americas grew by 21.8%, Mainland China, Hong Kong and Taiwan reported an increase of 72.6%. As for the new Purosangue SUV, which went into production in 2022, the acquisition of orders was extraordinarily high, well beyond our expectations, added Vigna, explaining that Ferrari has no intention of changing the supply chain because there are no major impacts . No impact even from the closures in China due to the prolonged lockdown. The new SUV is below the target of 20% of our total production, which we hope to reach by the fourth quarter.

Win the World Cup

One of Ferrari’s four priorities concerns the world of F1. We want to be competitive again in the championship, said managing director Benedetto Vigna. Our goal is to win the World Championship and the entire team, together with Fred (Vasseur the team principal and general manager who replaced Mattia Binotto ed), who recently joined us, is working tirelessly in that direction.
Another priority is to continue developing innovative products that allow people to enjoy our cars more and more, explained Vigna who confirmed the launch of 4 models in 2023, in line with the plan of 15 new launches by 2026. the third priority is to continue expanding the customer base, the fourth is to increase the number of patents. In 2022, the number of patents we filed was 4 times higher than in 2021. Finally, Ferrari will increase the 2022 competitiveness bonus to 13,500 euros for its 5,000 employees, around 1,500 euros more than the 2021 bonus.