Ferrari N.V.RACE

Market cap

P/E ratio

	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Revenue	3,417	3,420	3,767	3,460	4,271	5,095	5,970
Cost of sales	1,651	1,623	1,805	1,686	2,081	2,649	2,996
Selling, general and administrative costs	329	327	343	336	348	428	463
Research and development costs	657	643	699	707	768	776	882
Other expenses, net	-7	-3	-5	-18	-6	-22	-19
Result from investments	2	3	4	5	7	6	-
Result from investments	-	-	-	-	-	-	6
Operating profit (EBIT)	775	827	917	716	1,075	1,227	1,617
Net financial expenses	-29	-24	-42	-49	-33	-50	-15
Finance income	-	-	-	-	-	-	132
Profit before taxes	746	803	875	667	1,042	1,178	1,602
Finance costs	-	-	-	-	-	-	147
Income tax expense	209	16	177	58	209	238	345
Financial expenses, net	-29	-24	-42	-49	-33	-50	-15
Net profit	537	787	699	609	833	939	1,257
Profit before taxes	746	803	875	667	1,042	1,178	1,602
Owners of the parent	535	785	696	608	831	933	1,252
Non-controlling interests	2	2	3	1	2	7	5
Income tax expense	209	16	177	58	209	238	345
Basic earnings (loss) per share	2.83	4.16	3.73	3.29	4.5	5.11	6.91
Net profit	537	787	699	609	833	939	1,257
Diluted earnings (loss) per share	2.82	4.14	3.71	3.28	4.5	5.09	6.9
Owners of the parent	535	785	696	608	831	933	1,252
Non-controlling interests	2	2	3	1	2	7	5
Basic earnings (loss) per share	2.83	4.16	3.73	3.29	4.5	5.11	6.91
Diluted earnings (loss) per share	2.82	4.14	3.71	3.28	4.5	5.09	6.9