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An update from Ferrari ( (IT:RACE) ) is now available.
In its press release dated February 4, 2025, Ferrari announced an exceptional performance in 2024, surpassing its financial targets. The company reported net revenues of €6,677 million, an 11.8% increase from the previous year, and a net profit of €1,526 million. This success is attributed to a strong product mix and increased demand for personalized vehicles. Ferrari also highlighted its achievements in innovation, including the opening of a new e-building and the launch of the Ferrari F80 supercar. Looking forward, Ferrari anticipates continued growth in 2025, with plans to reach the high-end of its profitability targets a year ahead of schedule.
More about Ferrari
Ferrari N.V. is a renowned luxury sports car manufacturer based in Maranello, Italy. The company specializes in high-performance vehicles and is known for its innovation in design and engineering. Ferrari focuses on maintaining exclusivity and brand prestige, with a notable presence in the automotive industry and a commitment to both traditional internal combustion engines and hybrid technology.
YTD Price Performance: 2.91%
Average Trading Volume: 297,235
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $103.7B
See more data about RACE stock on TipRanks’ Stock Analysis page.
