Ferrari: earnings up 21% in 2024
(CercleFinance.com) - Ferrari reports FY 2024 net sales of E6.
67bn, up 12% on 2023, with deliveries up 1% to 13,752 units.
Between 2023 and 2024, EBIT rose by 17% to E1,888m, while net profit climbed by 21% to E1,526m (slightly above consensus), giving annual EPS of E8.47 (+23%).
Q4 sales amounted to E1.73bn (+14% y-o-y), with deliveries up 2% to 3,325 units. Quarterly EBIT came in at E468m (+26%), with net income of E386m (+31%) and EPS of E2.14 (+31%).
For 2025, the automaker is targeting net sales of over E7bn and adjusted EPS in excess of E8.6.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
67bn, up 12% on 2023, with deliveries up 1% to 13,752 units.
Between 2023 and 2024, EBIT rose by 17% to E1,888m, while net profit climbed by 21% to E1,526m (slightly above consensus), giving annual EPS of E8.47 (+23%).
Q4 sales amounted to E1.73bn (+14% y-o-y), with deliveries up 2% to 3,325 units. Quarterly EBIT came in at E468m (+26%), with net income of E386m (+31%) and EPS of E2.14 (+31%).
For 2025, the automaker is targeting net sales of over E7bn and adjusted EPS in excess of E8.6.
Copyright (c) 2025 CercleFinance.com. All rights reserved.