Ferrari posts record net profit up 34% in 2023

(ANSA) - ROME, FEB 1 - 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". (ANSA).