Luxury Carmaker Ferrari Posts 21% Hike in Full-Year Profit, Sees 2025 Growth

Luxury carmaker Ferrari On tuesday reported a significant upswing in full-yar network, citing a strong product mix and growing demand for personal touches to its.

Ferrari Posted Net Profit of 1.53 billion euros ($ 1.58 billion) for the full-year 2024 period, reflected a 21% increase from the previous year.

Other earnings highlights:

• Full-Year Net Revenues Came in at 6.7 Billion Euros, Up Nearly 12% Year-On-Year.
• Full-Year Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) came in at 2.56 billion Euros, up from from 2.28 billion euros in the year Prior.

Milan-Listed Shares of the Company Rose 3.4% on the News, Reversing Earlier Losses. Us-listed shares, meanwhile, was lost 3% higher.

Ferrari said it expected nets to increase by 5% to more than 7 billion euros in 2025, having met its targets in 2024. The Italian Company also Forecast Its Core Earnings – The Adjusted Earnings Erest, Depreciation and Amortization – will grow by At least 5% this year.

“Quality of Revenues Over Volumes: I believe A Statement Accompanying The Results.

“On these solid foundations, we expect further robust growth in 2025, that will allow us to reach one year in advance the high-end of most of our Profitability targets for 2026,” he added.

Analysts said Late last year that they expert ferrari to be sometising of an exception am come under pressure from us tarifs,

Ferrari, which exclusively produces its cars in italy, is thought to be well placed to pass on any increase in prices, should us president donald trump materialize Pledge to introduce higher tarifs on the european union,