Ferrari yesterday announced its preliminary results for the full 2024 financial year. It was a year of exceptional results for the Italian carmaker with the prancing horse, far surpassing its targets.
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.
Read also > Ferrari to post record net profit of over €1 billion in 2023
Featured photo: © Ferrari