Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The Ferrari F50 in Salon Prive London, held at the Royal Chelsea Hospital.
Martyn Lucy | Getty Images News | Getty images
Luxury car manufacturer Ferrari On Tuesday, a significant increase in net gains of the whole year, citing a strong combination of products and a growing customization demand.
Ferrari registered a net profit of 1.53 billion euros ($ 1.58 billion) for the entire 2024 period of the year, reflecting an increase of 21% compared to the previous year.
The shares of the company that quote in Milan increased 4.7% in the news, reversing previous losses. Meanwhile, the shares that quote in the United States were last viewed 3.3% higher.
Ferrari said he expected net income to increase by approximately 5% to more than 7 billion euros in 2025, compared to 6.7 billion euros in 2024.
“Quality of income on volumes: I think this best explains our outstanding financial results in 2024, thanks to a strong combination of products and a growing demand for customizations,” said the CEO of Ferrari, Benedetto Vigna, in a statement that accompanies to the results.
“On these solid bases, we expect a further solid growth in 2025, which will allow us to reach a year in advance of the high level of most of our profitability objectives by 2026,” he added.
These are last -minute news. Update the updates.
