Ferrari on Thursday posted record net
profit of 1.257 billion euros, up 34%, in 2023 compared to 2022.
It was above the €1 billion mark for the first time.
The annual EBITDA margin rose to 38.2%, again a record for the
Maranello marque.
Net revenues amounted to $5.97 billion, 17.2% more than the
previous year, with total deliveries of 13,663 units, up 3.3%
compared to 2022.
As Ferrari gained over 4% on the Milan stock exchange, Managing
Director Benedetto Vigna said the glamour sports car maker was
looking "confidently" at the high end of its targets up to 2026.
He hailed the "unprecedented financial results".
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