Ferrari To Pay Employees Bonus Of Up To $13,700 After Successful 2021

Ferrari will pay all of its employees a performance-linked bonus of up to €12,000 ($13,700) after a very successful year for the car manufacturer that saw a rise in sales.

Financial results released by Ferrari for the 2021 calendar year reveal that it recorded net revenue of €4.271 billion ($4.81 billion), a significant 23.4 per cent jump over 2020 and 13.4 per cent higher than in 2019, prior to the coronavirus pandemic. EBITA (earnings before interest, taxes, and amortization) also jumped to €1.531 billion ($1.72 billion), 34 per cent more than 2020 and 20.6 per cent more than 2019.

Adjusted net profits also rose to €833 million ($953 million). That was a significant 56 per cent greater compared to 2020 and the adjusted diluted earnings per share also jumped from €2.88 ($3.30) in 2020 to €4.50 ($5.15) in 2021. The automaker also distributed €162 million ($185 million) in dividends throughout the year.

Read Also: Daimler Employees Rewarded With €6,000 Bonus In Germany

These strong financial results came on the back of an increase in deliveries. Ferrari delivered a total of 11,155 vehicles last year, 2,036 more than in 2020, a 22.3 per cent increase.

Sales of Ferrari’s V8 models were particularly strong and jumped by 34.6 per cent but sales of the brand’s V12 models dropped by 16.1 per cent mainly because the standard 812 Superfast was phased out during the year, making way for the limited-run 812 Competizione and Aperta models.

In addition to confirming that production of the Purosangue SUV will start this year, Ferrari’s financial results confirmed that production of the Daytona SP3 will also commence in 2022. The Daytona SP3 follows in the footsteps of the Monza SP1 and SP2 and will only be available to the most prolific Ferrari collectors.

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