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

Published by Global Banking & Finance Review

Posted on February 4, 2025

1 min read

· Last updated: January 26, 2026

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Ferrari luxury sports car showcasing growth in FY 2024 - Global Banking & Finance Review
An image of a Ferrari sports car representing the brand's anticipated growth in FY 2024, driven by strong product delivery and rising personalization demand in the luxury market.
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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

Ferrari Anticipates Continued Growth in 2024 After Exceeding Expectations

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)

Key Takeaways

  • Ferrari expects revenue and earnings growth in 2024.
  • Strong product delivery boosts Ferrari's performance.
  • Increased demand for personalization supports growth.
  • Ferrari's EBITDA projected to reach 2.68 billion euros.
  • Milan-listed Ferrari shares rose by 4.8% after results.

Frequently Asked Questions

What are Ferrari's projected earnings for 2024?
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.
How did Ferrari's shares react after the earnings report?
Following the publication of its results, Milan-listed shares in Ferrari reversed limited losses and were up 4.8% by 1140 GMT.
What factors are contributing to Ferrari's growth?
Ferrari's growth is supported by strong product delivery and an increased demand for personalization among customers.

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