[chassis]

04 Feb 2025 - 06:28 AM
Corporate and Financial

ANOTHER YEAR OF STRONG PERFORMANCE, ALL 2024 TARGETS EXCEEDED. FURTHER GROWTH IN 2025.

Net revenues of Euro 6,677 million, up 11.8% versus prior year, with total shipments of 13,752 units
Operating profit (EBIT)(1) of Euro 1,888 million, up 16.7% versus prior year, with Operating profit (EBIT) margin of 28.3%
Net profit of Euro 1,526 million and diluted EPS at Euro 8.46
EBITDA([1]) of Euro 2,555 million, up 12.1% versus prior year, with EBITDA margin of 38.3%
Industrial free cash flow(1) generation of Euro 1,027 million

Capital Markets Day on October 9, 2025 in Maranello

“Quality of revenues over volumes: I believe this best explains our outstanding financial results in 2024, thanks to a strong product mix and a growing demand for personalizations. On these solid foundations, we expect further robust growth in 2025, that will allow us to reach one year in advance the high-end of most of our profitability targets for 2026” said Benedetto Vigna, CEO of Ferrari. “Last year's results reflect a great teamwork that involved all our Company’s souls. This teamwork was also visible in a very competitive racing season. The will to progress that has always characterized Ferrari has led to innovation in our infrastructure, with the inauguration of the e-building; in our products, best highlighted by the new supercar, the Ferrari F80; and in R&D, with the new E-Cells Lab that will further strengthen our electrochemical knowledge to prepare us for the future. And we will reveal more of our future on 9 October at our Capital Markets Day.”

https://www.ferrari.com/en-EN/corpor...ancial-results

[BlkGS]

Rich getting richer... Not surprised at all.

[kudos]

When you require your customer base with almost infinite buying power to purchase things they don't want to get what they want of course your sales will be high.

[chassis]

My daughter was at the Ferrari boutique in Roma a few days ago and they told her the first (new) Ferrari purchased must be red. Old news to some, new news to me!

[3798j]

"It’s a good time to be a Ferrari employee."
"It has emerged that, based on higher than expected profits in 2024, each and every member of the road car and Formula 1 divisions is being paid a bonus of 14,400 euros."

http://www.gptours.com/gr_news/ferra...ty-2024-bonus/

[Efthreeoh]

How is this surprising. Design a car, build it without concern about production cost, then sell it at 30% profit. No customer will not buy it. How hard is that business model?

[Marcoose]

Originally Posted by BlkGS

Rich getting richer... Not surprised at all.

This economy is so bad, right ?

/s