Ferrari N.V (RACE) Reports Q4 EPS of EUR1.16

Ferrari N.V (NYSE: RACE) reported Q4 EPS of EUR1.16, versus EUR1.01 reported last year. Revenue for the quarter came in at EUR1.17 billion, versus EUR1.07 billion reported last year.

2022 guidance, subject to trading conditions unaffected by Covid-19 pandemic restrictions and based on the following assumptions:

 Carefully leveraging strong demand

 Richer model mix being more than offset by the negative impact from the Ferrari Monza SP1 and SP2 phase out

 Ferrari Daytona SP3 and Ferrari Purosangue will commence production in 2022 with deliveries starting in 2023

 Formula 1 revenues reflecting more diversified but lower sponsorship, partially offset by better prior year ranking

 Increasing depreciation and amortization in line with the start of production of new models

 Industrial free cash flow generation sustained by Daytona SP3 advances collection

 Disciplined capital expenditures to fuel long term development

For earnings history and earnings-related data on Ferrari N.V (RACE) click here.

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