Ferrari Delivers Record Profits, Raises 2025 Revenue Outlook

The luxury automaker reported a 21% increase in annual net profit and strong demand for high-margin models, despite global economic pressures.

Ferrari posted a 21% rise in 2024 net profit to 1.53 billion euros, exceeding analyst expectations of 1.46 billion euros.
Full-year revenue grew 12% to 6.7 billion euros, driven by a strong product mix and personalization options for customers.
The company sold 13,752 vehicles in 2024, a modest 1% increase in volume, reflecting its strategy to prioritize quality over quantity.
Ferrari raised its 2025 guidance, projecting over 7 billion euros in revenue and an EBITDA margin of 38.3%, surpassing industry norms.
Despite a 33% decline in sales in China, growth in North America and other regions, along with high-margin models like the Purosangue SUV, bolstered performance.