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Ferrari<\/strong> bombs in the third quarter! The Italian carmaker saw its sales climb by 23.5% to 1.54 billion euros<\/strong>, exceeding expectations. For the first nine months of the year, revenues were also up by 19%<\/strong>, reaching a total of 4.4 billion euros<\/strong>.<\/p>\n <\/p>\n Net income also rose by a remarkable 45.7% to 332 million euros<\/strong> in the third quarter. Ferrari thus far exceeded the expectations of Factset analysts, who had forecast earnings of 294 million euros<\/strong>. In the July-September period, the famous prancing horse brand managed to sell a total of 3,459 cars<\/strong> worldwide, recording an increase of 8.5%<\/strong>.<\/p>\n <\/p>\n Group Managing Director Benedetto Vigna<\/strong> hailed a “new record quarter”<\/em> and “profit growth”<\/em> thanks mainly to the “continued appeal of customization”<\/em> of models, but also to the enrichment of the product assortment and pricing power.<\/p>\n <\/p>\n Sponsorship and brand revenues rose by 13.8% to 145 million euros<\/strong>, thanks to the Formula 1 ranking. The only downside was a 33%<\/strong> drop in revenues from engine sales to 28 million euros<\/strong>, due to lower deliveries to Maserati<\/strong> as the contract between the two automakers nears its end-of-year expiry date.<\/p>\n <\/p>\n In the July-September period, the Group’s Ebitda rose by 37% to 595 million euros<\/strong>, again exceeding analysts’ expectations of 560 million euros<\/strong>. Its adjusted Ebitda margin, however, fell to 38.6% from 40.0%<\/strong> in the April-June quarter.<\/p>\n <\/p>\n <\/p>\n Benedetto Vigna added: “The order book remains at its highest level, due to strong demand in all geographical areas, and covers the whole of 2025”<\/em>. The automaker had announced in mid-October that it would be opening up to crypto-currencies, henceforth allowing payment in Bitcoin and other digital currencies for its cars.<\/a><\/p>\n <\/p>\n The Europe-Middle East-Africa (EMEA)<\/strong> region remained Ferrari’s main market, with the delivery of 1,398 vehicles<\/strong>, marking a slight increase of 8.3%<\/strong>. Ferrari’s second most important market, America<\/strong>, recorded a significant increase, with the delivery of 1,096 cars<\/strong>, representing growth of 21.1%<\/strong>.<\/p>\n <\/p>\n By contrast, deliveries in the China-Hong Kong-Taiwan<\/strong> region fell by 8%<\/strong>. Revenues from the sale of cars and spare parts rose by a substantial 26.5%<\/strong> to a total of 1.33 billion euros<\/strong>.<\/p>\n <\/p>\nEMEA and America perform well<\/h2>\n
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