Ferrari runs. The rampant horse closed 2024 with a net profit of 1.526 billion euros and with the forecast of cutting all the targets set for 2026 one year in advance. After the dissemination of data above the expectations, the shot also in the square Business where the security earned up to 5%.
Ferrari, among the first companies of the FTSE MIB to publish the financial results of 2024, ended up the year with an increasing net profit 21% compared to 2023 (1,526 billion euros) and growing revenues of 12% (equal to 6.677 billion euros). Operating profit (Ebit) stood at 1.888 billion euros (+ 17%), with a margin it risen to 28.3% compared to 27.1% in 2023. The gross operating margin reached 2.555 billion Euro (+12.1%) on 2023, with a 38.3%margin.
The Maranello company delivered 13,752 cars, marking an increase of 1%. Sales highlight a geographical distribution with different trends: while the Americas recorded 5% growth with 4,003 units delivered and the Europe area, the Middle East and Africa a 2% increase with 6,204 units, China (including Hong Kong e Taiwan) has undergone a significant drop of 22%, stopping at 1,162 units.
“We aim for the quality of revenues rather than volumes. I think this is the best explanation of the extraordinary financial results in 2024, driven by a strong mix produced and a growing demand for customizations, “said CEO Benedetto Vigna.
And in addition to the numbers there are forecasts, with ambitious objectives. In 2025 the company’s guidance involved revenues of over 7 billion euros, with a growth of at least 5%. Ebitda Adjusted should stand at 2.68 billion euros (+5%), while EBIT is expected to 2.03 billion euros (+7%). As for the profit for diluted action, Ferrari provides for an increase of 2%, reaching at least 8.60 euros, while the industrial free cash flow should increase by 17%, touching 1.2 billion euros.
“We expect robust growth also in 2025, which will allow us to reach most of our targets set for 2026 a year in advance,” concluded Vigna. Next appointment on 9 October in Maranello, for the Capital Markets Day.