Ferrari's Q1 Success Driven by Strong Shipments and Revenue Surge

Published 3 hours agoRACE

Ferrari's Q1 Success Driven by Strong Shipments and Revenue Surge

Ferrari's first-quarter performance showcased robust growth with a notable increase in shipments and financial metrics. The luxury automaker delivered 3,567 vehicles, reflecting a 9.7% rise compared to the same period last year. This uptick in sales helped Ferrari's net revenues climb to €1.43 billion, marking a significant 20.5% year-over-year increase.

The company also reported impressive profit margins, with adjusted EBITDA at €537 million, up 27%, and an adjusted EBIT of €385 million, up 25.3%. Net profit soared 24% to reach €297 million. The company's order book remains solid, extending into 2025. Demand has been particularly strong for the Purosangue model, prompting Ferrari to reopen orders. As part of its long-term strategy, Ferrari is advancing its electrification efforts, focusing on both sports car development and infrastructure at its Maranello site, although the company has acknowledged potential risks from U.S. tariffs that could impact future operations.

In the stock market, Ferrari N.V., traded under the ticker RACE, has a current share price of $466.46 with a slight increase of $3.29. Reuters noted that despite the minor change, the company's shares continue to reflect its strong financial performance. The latest trading information is up to May 6, 12:14:52 UTC.

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