Ferrari reports net sales of 6.67 billion Euros for fiscal year 2024, up 12% on 2023, with deliveries up 1% to 13,752 units.
Between 2023 and 2024, EBIT rose by 17% to 1,888 ME, while net profit climbed by 21% to 1,526 ME (slightly above consensus), giving annual EPS of 8.47 euros (+23%).
In Q4, sales amounted to ME1.73 billion (+14% on the same period a year earlier), with deliveries up 2% to 3,325 units. Quarterly EBIT came in at 468 ME (+26%), with net income of 386 ME (+31%) and EPS of 2.14 euros (+31%).
For 2025, the automaker is targeting net sales in excess of 7 BnE and adjusted EPS in excess of 8.6 euros.
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Ferrari N.V. is a holding company organized around 3 areas of activity:
- manufacturing and sale of luxury sports vehicles (85.8% of net sales): 458 Italia, 488 GTB, 458 Spider, 488 Spider, F12 Berlinetta, 458 Speciale, 458 Speciale A, California T and Ferrari FF. The group also provides spare parts;
- sponsorship activity (10%) ;
- other (4.2%).
Net sales are distributed geographically as follows: Italy (6.9%), the United Kingdom (9.8%), Germany (8.2%), Europe-Middle East-Africa (22.3%), the United States (28.8%), Americas (3.9%), China-Hong Kong-Taiwan (8.1%), Asia-Pacific and Australia (12%).
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