Ferrari Sold 13,221 Cars Last Year And Profits Jumped By 13% | Carscoops carscoops
Ferrari’s profits jumped by 13 per cent in 2022, beating Wall Street expectations and Ferrari’s own guidance.
The Italian car manufacturer earned €939 million last year, the equivalent of €5.09 per share on revenue of €5.095 billion . Total revenue for the fourth quarter hit €1.386 billion , a healthy increase from the €1.172 billion of Q4 2021 while earnings per share in Q4 also rose from €1.16 to €1.21 .
managed to ship a total of 13,221 vehicles in 2022, representing a new record for the company and up almost 19 per cent from 2021.“Last year ended with outstanding financial results that met and exceeded our guidance and set new records across all metrics, such as a net profit of Euro 939 million and an industrial free cash flow generation of Euro 758 million,” Ferrari chief executive Benedetto Vigna said.
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