🔹 EPS: €2.14 (Est. €2.02) 🟢; UP +32% YoY
🔹 Revenue: €1.74B (Est. €1.82B) 😐; UP +14% YoY
🔹 EBITDA: €643M (Est. €623.15M) 🟢; UP +15% YoY
🔹 EBITDA Margin: 37.0% (Prev. 36.7%) 🟢
🔹 Net Profit: €386M (Est. €336.2M) 🟢; UP +31% YoY
FY'25 Guidance
🔹 Revenue: At least €7B (Est. €7.15B) 😐
🔹 EPS: At least €8.60 (Est. €9.00) 😐
Q4 Segment Revenue:
🔹 Cars & Spare Parts: €1.47B; UP +14% YoY
🔹 Sponsorship, Commercial & Brand: €183M; UP +22% YoY
🔹 Other: €81M; DOWN -4% YoY
Q4 Geographic:
🔹 Shipments: 3,325 units; UP +2% YoY
🔹 EMEA: 1,550 units; UP +4% YoY
🔹 Americas: 955 units; UP +8% YoY
🔹 China, Hong Kong & Taiwan: 286 units; DOWN -21% YoY
🔹 Rest of APAC: 534 units; UP +5% YoY
Full-Year 2024 Performance
🔹 Total Shipments: 13,752 units; UP +1% YoY
🔹 Total Revenue: €6.68B; UP +12% YoY
🔹 EBITDA: €2.56B; UP +12% YoY
🔹 EBITDA Margin: 38.3% (Prev. 38.2%)
🔹 Operating Profit (EBIT): €1.89B; UP +17% YoY
🔹 Net Profit: €1.53B; UP +21% YoY
🔹 Industrial Free Cash Flow: €1.03B
Strategic Updates & Commentary
🔸 Product Strength: Strong mix driven by Ferrari Purosangue, Roma Spider, and 296 GTS
🔸 New Model Shipments: SF90 XX family and 12Cilindri commenced in H2
🔸 Racing & Sponsorship Growth: New multi-year partnerships with IBM & Andretti Formula Racing LLC
🔸 Innovation & Expansion: Inauguration of e-building & new E-Cells Lab for future electrification
CEO Benedetto Vigna's Commentary
🔸 "Quality of revenues over volumes explains our outstanding 2024 results, driven by a strong product mix and growing demand for personalizations. 2025 will bring further robust growth, allowing us to achieve our 2026 profitability targets a year early."
