Ferrari yesterday announced its preliminary results for the full 2024 financial year. The year was marked by exceptional results, far surpassing the targets set.
The financial and operating figures achieved by Ferrari testify to a solid strategy and successful execution on all fronts : the luxury automaker recorded net sales of €6,677 million for fiscal 2024, up 11.8% on the previous year. At constant exchange rates, growth reached 13.4%.
This performance was driven by a 0.7% increase in total shipments to 13,752 units. This result was driven by several flagship models, notably the Ferrari Purosangue, Roma Spider and 296 GTS.
Operating income amounted to €1,888 million, up 16.7% on 2023, with an operating margin of 28.3%. This result can be attributed to a more quantitative product range this year, as well as a sharp increase in the number of customizations offered to customers.
Net income for the year came to 1,526 million euros, up 21.3% on the previous year.
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Read also > Ferrari to post record net profit of over €1 billion in 2023
Featured photo: © Ferrari
