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Report: Ferrari Delivered 13,663 Cars In 2023, Shares Prices Also Surge
Ferrari charted yet another record year of deliveries in 2023 which, in all likelihood, boosted its share prices earlier this week.
Earlier this week, celebrated Italian sportscar marque Ferrari reportedly saw its share prices surge to new heights. This comes just as the celebrated marque’s Formula 1 racing arm made its seismic announcement of signing superstar driver Lewis Hamilton for 2025 onwards.
According to Reuters, the prancing horse emblem saw its share prices roaring ahead by as much as 9.5%. In turn, this is set to putt the company's market value in sight of a record US$100 billion mark. Much of this is driven by yet another record year of deliveries in 2023.
In total, Ferrari sifted 13,663 vehicles in 2023, marking a 3% rise from its 2022 deliveries.
"The vitality of our business is once again confirmed by the order book... which remains strong across all geographies and covers the entire 2025," said brand CEO Benedetto Vigna to analysts. In total, Ferrari delivered 13,663 vehicles in 2023 – 3% more than it did in 2022.
With that, the Italian company guided for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) increasing to at least US$2.64 billion this year.
Demand is so strong, Ferrari is thought to see all its cars sold out through to 2025, meaning any new orders placed today will likely be delivered from 2026 onwards.
In fact, demand is so strong that all current models are sold out throughout 2025. This also means that any newly placed orders won't be delivered until 2026 at the earliest. And whilst its production line keeps busy with meeting these orders, the brand’s model range is also reportedly set to expand.
This year, Ferrari is expected to reveal no less than three new offerings. Amongst them is a long-awaited successor to the 812 Superfast, likely primed with a signature naturally aspirated V12 powertrain too.
Next to which is a replacement to the brand’s LaFerrari flagship hypercar. Interestingly, this is set to feature a similar plug-in hybrid (PHEV) twin-turbo V6 setup as primed in the 296 GTB/GTS, and the Le Mans-winning 499P racecar.
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Thoriq Azmi
Former DJ turned driver, rider and story-teller. I drive, I ride, and I string words together about it all. [#FuelledByThoriq] IG: https://www.instagram.com/fuelledbythoriq/