Ferrari surpassed all sales and revenue targets for 2024, achieving a net profit exceeding €1.5 billion. CEO Benedetto Vigna announced plans to reveal more about Ferrari's future on October 9th, including the highly anticipated unveiling of the company's first fully electric vehicle. Ferrari's strong performance is attributed to a combination of factors, including increased profitability, robust sales of hybrid models, and continued innovation in infrastructure, products, and R&D.
Ferrari exceeded all its sales and revenue targets for 2024, registering a net profit of more than €1.5bn for the last calendar year. Specifically, the number was €1.526bn , a 21.3 per cent increase on 2023; at a time when so many companies appear to be struggling, Ferrari ’s customers of €2.55bn , up 12.1 per cent on ‘23. So when Vigna talks of “quality of revenues over volumes”, that’s what he means - make a similar amount of Ferrari s, but make more profit from them.
It might be argued they lend themselves even better to personalisation than the hardtops, too, which is extremely lucrative - and also was on the rise in 2024. Shipments of theincreased ‘in line with plans.’ Hybrid models like the 296 just outsold pure combustion Ferraris, 51 per cent to 49.in due course ahead of its renewal; given its popularity, it seems likely that the Roma will get its new version sooner rather than later.
Ferrari ELECTRIC VEHICLES Profits Sales Hybrid Models
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