Ferrari sets new sales, profit record in 2024

[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/

[Marcoose]

Originally Posted by BlkGS

Rich getting richer... Not surprised at all.

This economy is so bad, right ?

/s

[BlkGS]

Originally Posted by Marcoose

This economy is so bad, right ?

/s

All depends where you are on the pecking order. Things are good at the top, but you get into the middle or lower class, things aren't very good.

[DrVenture]

Originally Posted by BlkGS

Rich getting richer... Not surprised at all.

Lower taxes for them is the solution. Supply side economics, aka "trickle down". You feeling damp yet?

[DrVenture]

https://www.cnbc.com/2025/02/07/ferr...h-florida.html

Ferrari mansion!

[Donatello.]

Shocking...

The millionaires & billionaires are continuing with record profits year over year at the expense of us regular people. This is no shock & needs to be stopped.

[Donatello.]

Originally Posted by DrVenture

Lower taxes for them is the solution. Supply side economics, aka "trickle down". You feeling damp yet?

You mean NO taxes.

[BlkGS]

Originally Posted by DrVenture

Lower taxes for them is the solution. Supply side economics, aka "trickle down". You feeling damp yet?

I'd like to see a no deductions, no exemptions, no credits, no deferrals, all income taxes as wages, super super simple system.

I dunno who would stop that first, tax attorneys or rich folks who'd then have to pay taxes.

But yeah, I only expect the super high end market to make more and more money. Ferrari almost has to worry about selling too many cars and not becoming prestigious enough, like Coach or Michael Kors did.

[FC4]

Originally Posted by Donatello.

Shocking...

The millionaires & billionaires are continuing with record profits year over year at the expense of us regular people. This is no shock & needs to be stopped.

LOL

[3798j]

.

[NickyC]

Anyone posting on this forum probably has it better than 99.5% of the people on this planet. Worrying about what others have couldn’t be a bigger waste of time. Appreciate what you have and realize how lucky you are to have it, all can be taken in an instant.

Oh, and a poor person never gave me a job.

[BlkGS]

Originally Posted by NickyC

Anyone posting on this forum probably has it better than 99.5% of the people on this planet. Worrying about what others have couldn’t be a bigger waste of time. Appreciate what you have and realize how lucky you are to have it, all can be taken in an instant.

Oh, and a poor person never gave me a job.

Absolutely agree. And to the previous point, I'd absolutely take a few million a year raise lol. People are like "how could you even spend all that money?" Believe me, I could do it. Lol.

[mikedef62]

Not gonna lie, I do love that car except for the front end. Would rather the SP3 front.