Luxury carmaker Ferrari posts 21% hike in full-year profit, sees 2025 growth

Ferrari reported a 21% increase in full-year net profit for 2024, reaching 1.53 billion euros, with net revenues up nearly 12% to 6.7 billion euros and EBITDA at 2.56 billion euros. The company’s Milan-listed shares rose 4.5%, while U.S.-listed shares saw a 5% increase. Ferrari expects net revenues to rise by 5% to over 7 billion euros in 2025 and core earnings to grow by at least 5%. CEO Benedetto Vigna attributed the positive results to a strong product mix and growing demand for personalizations, with analysts anticipating Ferrari to outperform the automotive sector amid potential U.S. tariffs.

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