Ferrari, net profit runs: +17% to 412 million
Cavallino's first quarter revenues close to 1.8 billion
2' min read
2' min read
Ferrari ended Q1 2025 with net revenues of €1.79 billion, up 13% year-on-year. Total deliveries are 3,593 units (33 more). Net profit is 412 million, 17% higher than the same period in 2024, operating profit (ebit) at 542 million, up 22.7% with an operating profit margin of 30.3%.
Vigna: 'Great start to the year'
.It was another great start to the year. In the first quarter of 2025, with a slight increase in deliveries compared to the previous year, all key parameters recorded double-digit growth, with strong profitability driven by our product mix and continued demand for customisation. Once again, our strategy of focusing on revenue quality rather than volumes has been confirmed". Thus Ferrari's CEO Benedetto Vigna, commenting on the results of the first three months of 2025. "We continue to enrich our product offering - in line with our plans - with six new models over the course of the year, including the recently unveiled 296 Speciale and 296 Speciale A, and the long-awaited electric Ferrari, which will feature a unique and innovative launch. We are excited about the new products to come," Vigna added.
Guidance confirmed
Ferrari confirms the 2025 guidance already communicated to the market at the time of the 2024 results and the fact that - as mentioned at the review of the commercial policy - this is subject to a potential risk of dilution of 50 basis points on profitability percentage margins (Ebit and Ebitda percentage margins), in relation to the updating of the commercial policy following the introduction of duties on imports of cars of EU origin into the USA. The Maranello-based company expects to end the year with net revenues of EUR 7 billion or more, with growth of at least 5% over 2024. Adjusted EBITDA is estimated at EUR 2.68 billion or more, up 5% year-on-year, with margin at 38.3%. Adjusted operating profit is estimated at EUR 2.03 billion or more (up 7% year-on-year), with margin at 29%. Earnings per share (eps) are expected at or above EUR 8.60, with industrial free cash flow at EUR 1.20 billion (+17%)
