- Companies
- Ferrari NV
MILAN, Feb 2 (Reuters) – Luxury sports carmaker Ferrari (RACE.MI) said on Thursday its core earnings rose 18% in the fourth quarter of last year and said “outstanding” full year results provided a base for “an even stronger 2023”.
Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) totalled 469 million euros ($516 million)in the October-December period, topping analyst expectations of 449 million euros, according to a Reuters poll.
Ferrari said adjusted EBITDA for 2022 as a whole came in at 1.773 billion euros, and forecast a figure of between 2.13-2.18 billion euros for 2023. It had previously guided for a full-year result of 1.73 billion euros in 2022.
($1 = 0.9098 euros)
Reporting by Giulio Piovaccari Editing by Keith Weir
Keyword: Ferrari sees "even stronger 2023" after beating forecasts in Q4