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3w ago

Ferrari Reports 17% Q1 Profit Surge, Flags U.S. Tariff Challenges

The automaker reaffirms 2025 financial targets despite potential margin impacts from new U.S. tariffs and announces plans for its first electric vehicle debut in 2026.

A Ferrari SF90 Stradale hybrid sports car is seen during a media preview at the Auto Zurich Car Show in Zurich, Switzerland November 3, 2021. REUTERS/Arnd Wiegmann/File Photo
Image
A Ferrari vehicle parked on Rodeo Drive in Beverly Hills, Calif., on April 30, 2025.

Overview

  • Ferrari posted a €412 million net profit for Q1 2025, a 17% increase year-on-year, driven by strong demand for high-margin models and customizations.
  • The company warned that new U.S. tariffs on EU car imports could reduce 2025 EBIT and EBITDA margins by 50 basis points.
  • In response to the tariffs, Ferrari raised prices by 10% on select models, potentially adding up to $50,000 to the cost of a vehicle.
  • Despite external pressures, Ferrari reaffirmed its 2025 financial guidance, projecting over €7 billion in revenue and at least €2.68 billion in EBITDA.
  • Ferrari confirmed the debut of its first all-electric model, the Elettrica, set for spring 2026, with deliveries planned for October 2026.