Maranello (Italy), November 2, 2022 – Ferrari N.V. (NYSE/EXM: RACE) right this moment pronounces its consolidated preliminary outcomes for the third quarter and 9 months ended September 30, 2022 – summarized under:
- Total shipments of three,188 items, up 15.9% versus Q3 2021
- Net revenues of Euro 1,250 million, up 18.7% versus prior 12 months
- EBITDA of Euro 435 million, up 17.1% versus prior 12 months
- EBIT of Euro 299 million, up 10.5% versus prior 12 months
- EBITDA margin of 34.8% and EBIT margin of 23.9% within the quarter, leading to 35.0% and 24.9% within the 9 months of 2022 respectively
- Net revenue of Euro 228 million and diluted EPS at Euro 1.23
- Industrial free money move era of Euro 219 million within 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, administration will maintain a convention name to current the Q3 2022 outcomes to monetary analysts and institutional traders. Please notice that registering prematurely is required to entry the convention name particulars. The name might be adopted dwell and a recording will subsequently be accessible on the Group’s web site https://www.ferrari.com/en-EN/corporate/investors The supporting doc shall be made accessible on the web site previous to the decision.
