DELIVERING STRONG RESULTS LEADING TO UPWARD REVISED 2022 GUIDANCE ON ALL METRICS
02 November 2022 - 01:07PM
Maranello (Italy), November 2, 2022 – Ferrari N.V.
(NYSE/EXM: RACE) today announces its consolidated preliminary
results for the third quarter and nine months ended September 30,
2022 – summarized below:
- Total shipments of 3,188 units, up 15.9% versus Q3 2021
- Net revenues of Euro 1,250 million, up 18.7% versus prior
year
- EBITDA of Euro 435 million, up 17.1% versus prior year
- EBIT of Euro 299 million, up 10.5% versus prior year
- EBITDA margin of 34.8% and EBIT margin of 23.9% in the quarter,
resulting in 35.0% and 24.9% in the nine months of 2022
respectively
- Net profit of Euro 228 million and diluted EPS at Euro
1.23
- Industrial free cash flow generation of Euro 219 million in the
quarter
“The very robust financial results we present
today are a further proof of the strength of our business. Our long
term strategy continues to drive profitability, harnessing our
resilience towards a macroeconomic scenario that brings new
challenges on a global scale. In the third quarter of 2022,
revenues, EBITDA and EBIT grew double digit against the same period
in 2021, with a sound industrial free cash flow generation. And all
these lead us to revise upward our 2022 guidance on all metrics.
Today, we continue to manage an outstanding order book: with the
exception of few models, our entire range is sold out.” – commented
Benedetto Vigna, Chief Executive Officer of Ferrari. “We continue
on our path to carbon neutrality by 2030 by adding new photovoltaic
panels, reducing aluminum consumption and recovering heat
dispersion. Sustainability is key for us and we address it through
a scientific and holistic approach along the entire value
chain.”
Today, management will hold a conference call to
present the Q3 2022 results to financial analysts and institutional
investors. Please note that registering in advance is required to
access the conference call details. The call can be followed live
and a recording will subsequently be available on the Group’s
website https://www.ferrari.com/en-EN/corporate/investors The
supporting document will be made available on the website prior to
the call.
- PR_Ferrari_Results_Q3_2022_ENG.docx
Ferrari NV (BIT:RACE)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
Ferrari NV (BIT:RACE)
Historical Stock Chart
Von Mär 2023 bis Mär 2024