Italian luxury auto maker Ferrari NV (RACE) is the most profitable automaker in the world. In 2023, the company shipped out just 13,663 vehicles. Total revenue in that year was 5.97 billion Euros with a profit of 1.257 billion Euros. According to industry analyst Felipe Munoz, the operating profit for each car was an astonishing …
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The top banks in Italy based on assets in 2021 are shown in the chart below. Intesa(ISNPY) is the Italian largest bank followed by UniCredit(UNCRY). Compared to these banks, the rest of the major banks have assets of under 200 billion Euros. Click to enlarge Data Source: FactSet Source: Italy Seeks to Ease …
Italy used to be called “The Sick Man of Europe”. More recently a few years ago during the European Sovereign Debt Crisis Italy was part of the PIIGS countries which represented Portugal, Ireland, Italy , Greece and Spain. Over the long term also, Real Italian GDP Growth has been the slowest among the developed world …