Record 2023 results strengthen the foundation for continuous growth

Record 2023 results strengthen the foundation for continuous growth net revenues of euro 5,970 million, up 17.2% versus prior year, with total shipments of 13,663 units up 3.3% versus fy 2022 adjusted ebit( 1) of euro 1,617 million, up 31.8% versus prior year, with adjusted ebit(1) margin of 27.1% adjusted net profit(1) of euro 1,257 million and adjusted diluted eps(1) at euro 6.90 adjusted ebitda( 1 ) of euro 2,279 million, up 28.5% versus prior year, with adjusted ebitda(1) margin of 38.2% industrial free cash flow(1) generation of euro 932 million “2023 was a very successful year, during which we strengthened our brand through a number of achievements reflected in our unprecedented financial results. for the first time, our net profit, up 34%, exceeded 1 billion euro and the annual ebitda margin rose to 38.2%,” said benedetto vigna, ferrari chief executive officer.
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