Ferrari's Financial Surge in Q4 2024

In a remarkable display of financial health, Ferrari NV announced a significant 14% increase in its net revenue for the fourth quarter of 2024, reaching an impressive €1.7 billion. The luxury car manufacturer also reported a 31% jump in net profit to €386 million, with diluted earnings per share (EPS) climbing by 32% to €2.14.

Annual Growth and Future Outlook

Ferrari's full-year sales for 2024 saw a 12% increase, totaling €6.7 billion, while income surged by 21% year-on-year to €1.5 billion. The diluted EPS for the year stood at €8.46, marking a 23% rise from 2023. CEO Benedetto Vigna expressed optimism, stating, "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." The company anticipates net revenue exceeding €7 billion in 2025 and adjusted diluted EPS of at least €8.60.

Market Reaction

Following the earnings announcement, Ferrari's shares experienced a notable uptick, increasing by 4.65% at 12:50 pm CET, reflecting investor confidence in the company's growth trajectory.