Awards of up to 13,500 euros for Ferrari employees. The automaker will give its 5,000 employees an annual competitiveness bonus of 12.5% compared to 2021, when the bonus was 12,000 euros. Cavallino Benedetto Vigna’s general manager announced the happy news for Ferrari employees: “I’m so happy, it’s an appreciation of everything they do every day”.
Ferrari, record 2022: bonuses for employees
The “rich” annual award of 13,500 euros comes after corporate results achieved in 2022, a year that has actually proven to be very profitable for Ferrari: “Last year ended with outstanding financial results that met and exceeded our guidance,” commented Vigna. – New records are set in all metrics, such as net profit of € 939 million and industrial free cash flow generation of € 758 million. World”.
In addition to the economic aspect, Ferrari’s goal is to return to winning in Formula 1, as Vigna himself underlines: “Another priority is to continue to develop innovative products that allow people to have more fun with our cars. Four new models are expected. It will be launched in 2023, with a goal of 15 new creatures by 2026.” However, Maranello redhead aims to grow in all aspects, among other goals for the new year, as confirmed by the CEO. With continued investments in both hybrid and electric models, the customer base needs to be expanded, the number of patents increased, and more attention should be paid to the experiential dimension and sustainability.
Covid and deliveries in China
Lockdowns in China due to Covid have no impact on deliveries. Vigna underlines that electrification is “going according to plan” and that Purosangue production has increased, starting in 2022, and orders are “far beyond expectations”. “We confirm the 20 percent ceiling, we may not get there this year, but we are on target,” he adds. Cavallino looks to the future with four priorities. The first concerns the F1 world. “We want to be competitive again in the Championship. Our goal is to win the World Championship and the whole team is working towards that, with Fred Vasseur, who recently joined us,” says Maranello’s CEO.
“Another priority is to continue to develop innovative products that make people enjoy our cars more. The third priority is to continue to expand the customer base, and the fourth priority is to increase the number of patents. In 2022, the number of patents we hold is 4 times higher than in 2021”. The arrival of 4 models in 2023 has been confirmed in accordance with 15 new launch plans by 2026. There is no intention to change the supply chain “as there are no major impacts”. Targets for the new year include revenue of 5.7 billion and industrial free cash flow of up to €900 million.
Source: Today IT
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
