Ferrari ( (IT:RACE) ) just unveiled an announcement.
On May 6, 2025, Ferrari announced its financial results for the first quarter of 2025, showcasing a strong start to the year with net revenues of €1,791 million, a 13% increase from the previous year. The company reported an operating profit of €542 million, marking a 22.7% rise, and a net profit of €412 million. This growth is attributed to a strategic focus on product mix and personalization, with new models like the 296 Speciale and Ferrari elettrica contributing to the positive outlook. The company’s shipments increased slightly to 3,593 units, with a notable rise in the EMEA and Americas regions, despite a decrease in Mainland China and the rest of APAC.
More about Ferrari
Ferrari N.V. is a renowned luxury sports car manufacturer based in Maranello, Italy. The company is celebrated for its high-performance vehicles and has a significant presence in the automotive industry, focusing on exclusive and personalized car models.
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Technical Sentiment Signal: Buy
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