FERRARI FULL YEAR 2024 EARNINGS: EPS BEATS EXPECTATIONS
Ferrari's full-year 2024 earnings beat expectations, with revenue growing 12% to €6.68 billion and net income increasing 22% to €1.52 billion. The company's profit margin expanded to 23%, driven by higher revenue, while earnings per share (EPS) surged 3.3%. The United States segment was a key contributor to the growth, with revenue of €1.92 billion.
- The impressive performance by Ferrari highlights the potential for luxury brands to maintain profitability despite growing competition and economic uncertainty.
- Will the company's focus on innovation and sustainable manufacturing practices enable it to sustain its growth momentum in the face of intensifying regulatory pressures?