<p><a href="https://www.deccanherald.com/tag/ferrari" target="_blank">Ferrari </a>expects "even stronger" results this year, it said on Thursday after reporting a 16 per cent jump in core earnings last year on the back of higher sales of its luxury sports cars.</p>.<p>Increased vehicle shipments were driven by the Ferrari Portofino M and the SF90 family, as well as the 296 GTB and 812 Competizione.</p>.<p>"Our order book is robust, it covers all this year and good part of the next one," Chief Executive Benedetto Vigna told reporters.</p>.<p>Vigna said plans for the new 390,000 euro ($428,000)Purosangue four-seater were proceeding according to schedule, with deliveries to clients expected to start in the second quarter.</p>.<p>"Purosangue ordering has been extraordinarily high; well beyond expectations," he said.</p>.<p>Third Bridge analyst Orwa Mohamad said the new Purosangue will increase Ferrari's customer base in 2023.</p>.<p>"Ferrari reported a strong performance with attractive profit margins and one of the most significant volume increases over the last 10-12 years," he said.</p>.<p>The company guided for adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) between 2.13 billion and 2.18 billion euros in 2023, up from last year's better-than-expected 1.773 billion euros.</p>.<p>Fourth-quarter adjusted EBITDA rose 18 per cent to 469 million euros.</p>.<p>The carmaker's Milan-listed shares extended gains after its results were published and were up 4.1 per cent at 1320 GMT.</p>.<p>"These figures provide the base for an even stronger 2023, fuelled by persistently high demand for our products worldwide," Vigna said.</p>.<p><em>($1 = 0.9106 euros)</em></p>
<p><a href="https://www.deccanherald.com/tag/ferrari" target="_blank">Ferrari </a>expects "even stronger" results this year, it said on Thursday after reporting a 16 per cent jump in core earnings last year on the back of higher sales of its luxury sports cars.</p>.<p>Increased vehicle shipments were driven by the Ferrari Portofino M and the SF90 family, as well as the 296 GTB and 812 Competizione.</p>.<p>"Our order book is robust, it covers all this year and good part of the next one," Chief Executive Benedetto Vigna told reporters.</p>.<p>Vigna said plans for the new 390,000 euro ($428,000)Purosangue four-seater were proceeding according to schedule, with deliveries to clients expected to start in the second quarter.</p>.<p>"Purosangue ordering has been extraordinarily high; well beyond expectations," he said.</p>.<p>Third Bridge analyst Orwa Mohamad said the new Purosangue will increase Ferrari's customer base in 2023.</p>.<p>"Ferrari reported a strong performance with attractive profit margins and one of the most significant volume increases over the last 10-12 years," he said.</p>.<p>The company guided for adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) between 2.13 billion and 2.18 billion euros in 2023, up from last year's better-than-expected 1.773 billion euros.</p>.<p>Fourth-quarter adjusted EBITDA rose 18 per cent to 469 million euros.</p>.<p>The carmaker's Milan-listed shares extended gains after its results were published and were up 4.1 per cent at 1320 GMT.</p>.<p>"These figures provide the base for an even stronger 2023, fuelled by persistently high demand for our products worldwide," Vigna said.</p>.<p><em>($1 = 0.9106 euros)</em></p>