Shares of luxury carmaker Ferrari NV surged 5.33% in pre-market trading on Tuesday, following the company's impressive fourth-quarter 2024 earnings results and upbeat 2025 guidance.
Ferrari reported Q4 2024 adjusted earnings per share of $2.28, beating analysts' estimates of $1.89 by a significant 20.63%. The company's net revenues of $1.85 billion also exceeded expectations of $1.66 billion, rising 13.06% year-over-year.
The strong performance was driven by a richer product and country mix, increased personalization revenue, and higher sponsorship and lifestyle income. Ferrari's operating profit (EBIT) jumped 16.7% to €1.89 billion, with an EBIT margin of 28.3%.
Looking ahead, Ferrari provided an optimistic outlook for 2025, projecting net revenues above €7 billion, adjusted EBITDA of at least €2.68 billion, and adjusted operating profit (EBIT) of at least €2.03 billion. The company expects robust growth across its key metrics, fueled by continued product momentum, racing activities, and lifestyle initiatives.
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