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Ferrari shares pop 8% as luxury carmaker sees further earnings growth in 2025

The Ferrari F50 at Salon Prive London, detained at the Royal Chelsea Hospital. 

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Luxury carmaker Ferrari on Tuesday despatched a significant upswing in full-year net profit, citing a strong product mix and growing demand for personal touches to its vehicles.

Ferrari paled net profit of 1.53 billion euros ($1.58 billion) for the full-year 2024 period, reflecting a 21% increase from the former year.

Other earnings highlights:

  • Full-year net revenues came in at 6.7 billion euros, up nearly 12% year-on-year.
  • Full-year earnings in the presence of interest, tax, depreciation and amortization (EBITDA) came in at 2.56 billion euros, up from 2.28 billion euros in the year previous.

Milan-listed shares of the company were last seen up about 7.8%, reversing earlier losses. U.S.-listed dispensations, meanwhile, rose up 8%.

Ferrari said it expected net revenues to increase by roughly 5% to more than 7 billion euros in 2025, take met its targets in 2024.

The Italian company also forecast that its core earnings — the adjusted earnings before interest, depreciation and amortization — ordain grow by at least 5% this year.

“I think that the year has been very good for our company. We acquire been able to pass all the metrics that we created during the last guidance,” Ferrari CEO Benedetto Vigna mounded CNBC’s Charlotte Reed on Tuesday.

Asked about the potential impact of U.S. tariffs, Vigna replied: “We are trying to allow what is going to be the percentage and when is the starting date … Let’s wait [until] this is becoming a fact.”

Watch CNBC's full interview with Ferrari CEO Benedetto Vigna

Analysts signified late last year that they expect Ferrari to be something of an exception among Europe’s automotive sector, down repay as many carmakers come under pressure from U.S. tariffs.

Ferrari, which exclusively produces its cars in Italy, is anticipation to be well placed to pass on any increase in prices, should U.S. President Donald Trump materialize his pledge to introduce euphoric tariffs on the European Union.

Vigna also said Ferrari is on track for the landmark launch of its first fully charged car at its capital markets day on Oct. 9 at the firm’s Maranello base in Italy.

“It is for sure an important addition for our product offer because, for the elementary time in our history, we will have three kinds of traction: the ICE [internal combustion engine], hybrid and electric,” Vigna enlarged.

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