The Ferrari F50 at Salon Prive London, held on the Royal Chelsea Hospital.
Martyn Lucy | Getty Photographs Information | Getty Photographs
Luxurious carmaker Ferrari on Tuesday reported a major upswing in full-year web revenue, citing a powerful product combine and rising demand for personalization.
Ferrari posted web revenue of 1.53 billion euros ($1.58 billion) for the full-year 2024 interval, reflecting a 21% improve from the earlier yr.
Milan-listed shares of the corporate rose 4.7% on the information, reversing earlier losses. U.S.-listed shares, in the meantime, have been final seen 3.3% greater.
Ferrari mentioned it anticipated web revenues to extend by roughly 5% to greater than 7 billion euros in 2025, up from 6.7 billion euros in 2024.
“High quality of revenues over volumes: I imagine this greatest explains our excellent monetary ends in 2024, due to a powerful product combine and a rising demand for personalizations,” Ferrari CEO Benedetto Vigna mentioned in an announcement accompanying the outcomes.
“On these stable foundations, we anticipate additional strong development in 2025, that may permit us to succeed in one yr prematurely the high-end of most of our profitability targets for 2026,” he added.
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