Ferrari Pays Out €13,500 Bonuses to Workers After Banner Year

A Ferrari NV badge on an automobile at the Auto Experience pavilion on day two of the Paris Motor Show in Paris, France, on Tuesday, Oct. 18, 2022. The auto industry -- a slice of it at least -- converges in France this week for the biennial Paris Motor Show, also known as the Mondial de l'automobile. Photographer: Nathan Laine/Bloomberg , Bloomberg

Daniele Lepido, Bloomberg News

Feb 2, 2023

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(Bloomberg) -- Ferrari NV is paying its employees the biggest bonus in years after the luxury-car maker beat expectations on sales and profit. 

Around 5,000 workers will get as much as €13,500 ($14,838) this year, according to Chief Executive Officer Benedetto Vigna. That’s a 12.5% increase over last year’s bonus.

The Italian manufacturer earlier Thursday hiked its outlook for 2023 amid robust demand for new models like the Purosangue crossover. It reported fourth-quarter sales and operating profit that beat analyst estimates.

Read more: Ferrari Raises Earnings Outlook on Robust Luxury-Car Demand

 

 

 

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