Ferrari NV ( (RACE) ) has released its Q4 earnings. Here is a breakdown of the information Ferrari NV presented to its investors.
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Ferrari N.V., headquartered in Maranello, Italy, is a globally recognized luxury brand renowned for its high-performance sports cars and successful Formula 1 racing team, Scuderia Ferrari, which has won numerous Constructors’ and Drivers’ world titles. The company also engages in lifestyle and personal luxury goods.
Ferrari has reported impressive financial results for 2024, showcasing strong growth in key performance metrics. The company’s net revenues reached €6,677 million, marking an 11.8% increase from the previous year, driven by a robust product mix and growing demand for personalizations. Total shipments saw a slight increase, reflecting Ferrari’s strategic focus on maintaining brand exclusivity.
Key financial highlights include a 16.7% rise in operating profit to €1,888 million, with an operating margin of 28.3%, and a net profit of €1,526 million, up 21.3% from the prior year. The EBITDA also experienced growth, reaching €2,555 million. The company reported strong industrial free cash flow generation of €1,027 million, indicating solid operational performance.
Ferrari’s strategic initiatives in 2024 included the launch of the Ferrari F80 supercar and advancements in research and development with the new E-Cells Lab. The company also expanded its sponsorships and lifestyle activities, contributing to increased revenues in these areas.
Looking ahead, Ferrari expects continued growth in 2025 with plans to achieve its profitability targets a year early. The management anticipates a positive product and country mix, enhanced contributions from racing and lifestyle activities, and robust industrial free cash flow generation, despite challenges such as supply chain issues and changes in the Patent Box tax regime.
