Ferrari F50 in Salon Prive London, which was held at the Royal Chelsea Hospital.
Martin Lucy Getty Images News | Gety pictures
On Tuesday, the luxury auto manufacturing company Ferrari informed a significant increase in the net profit of the entire year, citing a strong mix of products and increasing demand for the personal touches of its cars.
Ferrari recorded a net profit of 1.53 billion euros ($ 1.58 billion) for a period of 2024 years, which reflects an increase of 21 % over the previous year.
The most prominent other profits:
- The net revenues of the entire year amounted to 6.7 billion euros, an increase of approximately 12 % on an annual basis.
- The profits of the entire year before interest, taxes, destruction and firefighting (EBITDA) amounted to 2.56 billion euros, an increase of 2.28 billion euros in the previous year.
The shares of the company listed at MILAN increased by 3.4 % on the news, reflecting the previous losses. Meanwhile, the shares listed on the American list were seen by 3 %.
Ferrari said it expects that net revenue will increase by approximately 5 % to more than 7 billion euros in 2025, after achieving its goals in 2024. The Italian company also expects its basic profits – modified profits before interest, depreciation and extinguish 5 % this year.
“I think this is the best explanation of our distinguished financial results in 2024, thanks to a mixture of strong products and increasing demand for customizations,” Beneedito Venia, Ferrari CEO, said in a statement accompanying the results.
He added: “On these strong institutions, we expect more strong growth in 2025, which will allow us to reach one year introduction from most of our profitability goals for 2026.”
Analysts at late last year said they expect Ferrari to be an exception to the auto sector in Europe, even with many car makers being pressured by US tariffs.
Ferrari, which produces its cars exclusively in Italy, is believed in a good position to pass any price increase, in the event that US President Donald Trump pledges a higher tariff for the European Union.
