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Home > Finance > Ferrari sees further growth this year after beating forecasts in FY 2024

Finance

Ferrari sees further growth this year after beating forecasts in FY 2024

Published by Global Banking and Finance Review

Posted on February 4, 2025

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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)

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