Ferrari: in demand after annual results

(CercleFinance.com) - Ferrari shares are up 5% in Milan after the noon publication of adjusted EPS that is up 36% to E6.
90 for 2023, with an adjusted EBITDA margin that improved by 3.4 points to 38.2% on revenues that rose 17% to E5.97bn.

For the year ahead, the Italian luxury and sports car maker anticipates adjusted EPS of at least E7.50, an adjusted EBITDA margin of at least 38%, and revenues of over E6.4bn.

The record results of 2023, the group's ambitions for 2024, and the exceptional visibility of its order book enable it to look forward to the top of our 2026 targets with greater confidence, management said.


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