The Italian group said in a press release published on its website that its net profit for 2024 reached 1 billion 526 million euros, while its operating profit compared to the previous year. %He said it increased by 16.7 to 1 billion 888m euros.
In the Ferrari press release, “Quality of revenues by volumes: I believe this best explains our outstanding financial results in 2024’, thanks to a strong mix of products and growing demand for personalization, ” said.
The company also said it expects even stronger growth in 2025, which will enable it to reach the upper limit of most of its 2026 profitability targets a year in advance.
Ferrari CEO Benedetto Vigna noted in the press update: “Last year's results reflect a great teamwork that encompasses the entire spirit of our company. This teamwork has also been seen in a highly competitive racing season.”
The desire for progress that has always characterized “Ferrari’ has led to innovation in our infrastructure with the opening of the e-building, in our products that are best highlighted with the new supercar Ferrari F80, and in R&D’ with the new E-Cell Laboratory that will further strengthen our electrochemical knowledge to prepare us for the future. And on October 9, Capital Market Day in ’, we will explain more about our future in ’, he added.
Share price of Ferrari’ following financial update Tuesday afternoon %It's up 4.79.
