Published by Global Banking & Finance Review®
Posted on February 4, 2025
1 min readLast updated: January 26, 2026
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Ferrari forecasts revenue and earnings growth in 2024, driven by strong product delivery and personalization demand, with shares rising 4.8% post-results.
MILAN (Reuters) - Luxury sports car maker Ferrari said on Tuesday its revenues and core earnings would rise this year, supported by strong product delivery and increased demand for personalisation after meeting targets for 2024.
The Italian company said it saw its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) to grow this year to at least 2.68 billion euros ($2.77 billion), versus a 2.56 billion euro result in full-year 2024.
Milan-listed shares in the company reversed limited losses after results were published and were up 4.8% by 1140 GMT.
($1 = 0.9687 euros)
(Reporting by Giulio Piovaccari; Editing by Keith Weir)
Ferrari expects its adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) to grow to at least 2.68 billion euros ($2.77 billion) this year.
Following the publication of its results, Milan-listed shares in Ferrari reversed limited losses and were up 4.8% by 1140 GMT.
Ferrari's growth is supported by strong product delivery and an increased demand for personalization among customers.
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