Ferrari Group Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	348.76	333.04	310.35	236.22	161.34
Other Revenue	-	-	-	-	3.04
Revenue	348.76	333.04	310.35	236.22	164.37
Revenue Growth (YoY)	4.72%	7.31%	31.39%	43.71%	-
Cost of Revenue	258.42	245.25	226	171.56	137.09
Gross Profit	90.34	87.78	84.36	64.66	27.29
Selling, General & Admin	-	-	-	0	-
Other Operating Expenses	0.47	0.96	0.47	0.49	2.39
Operating Expenses	18.21	15.41	11.86	10.24	11.19
Operating Income	72.13	72.38	72.49	54.42	16.09
Interest Expense	-1.66	-1.28	-1.11	-0.91	-0.88
Interest & Investment Income	1.66	1.06	0.52	0.18	0.13
Earnings From Equity Investments	0.83	0.95	2.37	1.75	1.78
Currency Exchange Gain (Loss)	-1.23	-0.8	0.01	-0.3	-0.7
Other Non Operating Income (Expenses)	-	-	-	-0	0.15
EBT Excluding Unusual Items	71.73	72.3	74.28	55.14	16.59
Gain (Loss) on Sale of Investments	0.01	0.18	-0.75	-	-
Gain (Loss) on Sale of Assets	0.29	0.21	0.13	3.39	0.15
Asset Writedown	-	-	-	-	-1.4
Other Unusual Items	-	-1.03	-	-	-
Pretax Income	72.81	72.06	74.03	58.8	15.53
Income Tax Expense	15.51	15.16	17.16	14.4	3.05
Earnings From Continuing Operations	57.3	56.9	56.87	44.4	12.47
Minority Interest in Earnings	-1.84	-4.01	-4.11	-4.01	-1.46
Net Income	55.46	52.89	52.76	40.4	11.01
Net Income to Common	55.46	52.89	52.76	40.4	11.01
Net Income Growth	4.87%	0.25%	30.59%	266.92%	-
Shares Outstanding (Basic)	77	77	77	77	75
Shares Outstanding (Diluted)	77	77	77	77	75
Shares Change (YoY)	-	-	-	2.47%	-
EPS (Basic)	0.72	0.69	0.68	0.52	0.15
EPS (Diluted)	0.72	0.69	0.68	0.52	0.15
EPS Growth	4.87%	0.25%	30.59%	258.07%	-
Free Cash Flow	54.07	57.88	64.16	27.74	-
Free Cash Flow Per Share	0.70	0.75	0.83	0.36	-
Dividend Per Share	0.270	-	-	-	-
Gross Margin	25.90%	26.36%	27.18%	27.37%	16.60%
Operating Margin	20.68%	21.73%	23.36%	23.04%	9.79%
Profit Margin	15.90%	15.88%	17.00%	17.10%	6.70%
Free Cash Flow Margin	15.50%	17.38%	20.67%	11.74%	-
EBITDA	77.36	76.59	75.92	59.55	24.69
EBITDA Margin	22.18%	23.00%	24.46%	25.21%	15.02%
D&A For EBITDA	5.24	4.22	3.43	5.13	8.6
EBIT	72.13	72.38	72.49	54.42	16.09
EBIT Margin	20.68%	21.73%	23.36%	23.04%	9.79%
Effective Tax Rate	21.30%	21.04%	23.18%	24.48%	19.67%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.