Ferrari to award €14,900 bonus to Italian staff after record profit
Ferrari will distribute a €14,900 bonus to its Italy-based employees after reporting a record net profit of €1.6 billion, even as car deliveries saw a minor decrease. The lucrative payout highlights the brand's strong financial health as it gears up to launch new models, including its first electric car.
Ferrari will pay its employees based in Italy a substantial bonus of €14,900 this year, a reward stemming from the company's record financial performance despite a marginal dip in car sales. The Scuderia's net profit surged to €1.6 billion, €80 million higher than the previous year, enabling the significant payout which is restricted to staff on its Italian payroll.
Why it matters:
This move underscores the immense financial health and profitability of Ferrari's road car division, which directly funds its Formula 1 ambitions. A motivated and rewarded workforce in Maranello is crucial for maintaining the technical innovation and manufacturing excellence required to compete at the highest level in both the automotive and motorsport worlds.
The details:
- The bonus of €14,900 is a direct result of Ferrari posting a net profit of €1.6 billion for the period, a notable increase of €80 million year-on-year.
- Interestingly, this record profit was achieved even as the number of cars delivered fell slightly to 13,640 units, just 12 cars short of the previous year's 13,752.
- A key condition of the bonus scheme is that it applies only to employees working in Italy. Staff on the Ferrari payroll but located outside the country are not eligible for this specific payout.
- The company's road car pipeline remains robust, with plans to launch 20 new models by the end of 2030.
What's next:
Ferrari's aggressive product roadmap continues at pace, with the imminent launch of five new models this year. Among them is the new Ferrari Luce, the marque's first fully electric vehicle, signaling a major strategic shift. The sustained profitability from the road car business provides a stable and powerful financial foundation for the Scuderia's ongoing technical development and competitive efforts in Formula 1.