Ferrari Achieves Record Profits in 2023, Eyes Electric Future

The luxury car manufacturer's profits soar past €1bn, bolstered by high demand for the Purosangue SUV and a strong order book through 2025.

Ferrari reports record profits exceeding €1bn in 2023, driven by strong demand for its luxury SUV, the Purosangue.
The company's order books are filled through 2025, indicating sustained demand across its luxury vehicle range.
Ferrari is transitioning towards electric vehicles, planning its first fully-electric car release by late 2025.
Lewis Hamilton is set to join Ferrari's Formula One team in 2025, boosting the brand's racing profile.
Ferrari's shares hit a new 52-week high, reflecting investor confidence in the company's financial performance and future prospects.