Ferrari posted a strong 2022, with profits up 13% year over year, and the company doesn't see demand for its supercars letting up in 2023
, most recently telling investors to expect revenue of about 5 billion euros and adjusted earnings per share of about 5 euros for the full year.
Despite the strong results, Ferrari's fourth-quarter operating margin slipped to 21.8% from 22.6% in the year-ago period. That year-ago profit margin was boosted by the first of Ferrari's seven-figure Icona models, the Monza SP1 and SP2; shipments of the Monza's successor, the Daytona SP3, didn't begin until the very end of 2022.Still, Ferrari shipped 13,221 vehicles in 2022, up nearly 19% from 2021, notching a new record.
Ferrari expects more records in 2023: Its guidance calls for revenue of about 5.7 billion euros in 2023, with adjusted earnings per share between 6 euros and 6.20 euros. It also sees a boost in operating margin, to about 26%, powered by the Daytona and the"Despite a complex global macroscenario, we look ahead with great confidence," CEO Benedetto Vigna said in a statement.
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