2/2, 12:29 PM (Source: TeleTrader)
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Ferrari's Q4 revenue up 17% to €1.4 billion

Ferrari NV announced Thursday that its revenue for the fourth quarter of 2022 rose 17% to €1.4 billion, while for 2022 as a whole, the firm's net income grew 19% to €5 billion.

The supercar maker saw a 13% increase in total deliveries, which amounted to 3,327 units in the three months to December 31. Similarly, for the year as a whole, total deliveries grew by 19% to 13,221 units. On the other hand, net income for the last quarter of 2022 came in at €221 million, as the company experienced full-year net income growth of 13% to €939 million. Diluted earnings per share advanced 4% and 13% to €1.21 and €5.09, for the quarter and the twelve months that ended December, respectively.

"Despite a complex global macroscenario, we look ahead with great confidence, encouraged by the many signs and achievements of an evolving Ferrari. We are constantly innovating our products and processes, and getting closer to our decarbonisation targets," said Benedetto Vigna, Ferrari CEO.

Baha Breaking News (BBN) / JG