Ferrari has reported a significant upswing in full-year net profit, citing a strong product mix and growing demand for personalization. The Italian luxury carmaker posted net profit of 1.53 billion euros ($1.58 billion), reflecting a 21% increase from the previous year.
The company’s net revenues rose nearly 12% to 6.7 billion euros, while its earnings before interest, tax, depreciation, and amortization (EBITDA) increased by 13.4% to 2.56 billion euros. Ferrari’s shares were up about 7.8% in Milan-listed markets, while US-listed shares rose up 8%.
Ferrari expects net revenues to increase by around 5-7% in 2025, driven by a strong product mix and growing demand for personal touches on its vehicles. The company also forecasts core earnings will grow by at least 5% this year.
CEO Benedetto Vigna attributed the company’s success to meeting its targets set last year. However, he was cautious about the impact of US tariffs, stating that Ferrari is “trying to understand what is going to be the percentage and when is the starting date.”
Analysts expect Ferrari to be an exception in the European automotive sector, given its ability to pass on price increases due to exclusive production in Italy. The company plans to launch its first fully electric car at its capital markets day on October 9.
Source: https://www.cnbc.com/2025/02/04/luxury-carmaker-ferrari-posts-21percent-uptick-in-full-year-profit-sees-2025-growth.html