Ferrari - Free Cash Generation

Ferrari made a net profit of EUR 696 mil with revenues of EUR 3,767 mil in 2019, down by 11.3% and up by 10.1%, respectively, compared to the previous year. This translates into a net margin of 18.5%.

On the operating level, EBITDA reached EUR 1,109 mil, up 12.8% compared to the previous year. Over the last five years, the company's EBITDA has risen 15.5% a year on average.

The company generated cash, defined by a sum of net profit and depreciation, of EUR 887 mil or 23.6% of sales. When investments are excluded, free cash flow reached EUR 605 mil, or 16.1% of sales in 2019.

In the last five years, the company generated free cash flow of EUR 2,261 mil. That compares to a cumulative net profit of EUR 2,702 mil in the same period.

You can see all the company’s data at Ferrari profile, or you can download a report on the company in the report section.