Ferrari N.V. (NYSE/EXM: RACE) has just announced its consolidated preliminary unaudited results for the fourth quarter and twelve months ended December 31, 2024, and the news is nothing short of exhilarating. The Italian luxury sports car manufacturer has once again demonstrated its prowess in the market, posting impressive financial results that have left investors and enthusiasts alike in awe.
Net revenues for the year reached Euro 6,677 million, up a staggering 11.8% versus the prior year, with total shipments of 13,752 units. This remarkable growth can be attributed to Ferrari's unwavering commitment to innovation, both in infrastructure and product development. The company's e-building, a new facility dedicated to sustainable innovation, and the E-Cells Lab, designed to strengthen Ferrari's electrochemical knowledge, are just two examples of the company's dedication to pushing the boundaries of what is possible.
Ferrari's product portfolio has also been a significant driver of its success. The introduction of new models, such as the Ferrari Purosangue, the Roma Spider, and the 296 GTS, has resonated with customers, driving deliveries and contributing to the company's strong product mix. Additionally, the upcoming release of the Ferrari F80 supercar is expected to further enhance the company's product portfolio and maintain its competitive edge in the luxury sports car market.
Ferrari's commitment to racing and innovation has also played a crucial role in its success. The company's racing team has consistently delivered impressive results, further cementing Ferrari's reputation as a leader in the world of motorsports. Additionally, Ferrari's investment in research and development has yielded significant advancements in the company's products, ensuring that they remain at the forefront of the industry.
Looking ahead, investors should be aware of Ferrari's upcoming Capital Markets Day on October 9, 2025, in Maranello. During this event, the company is expected to reveal more about its future plans and strategies, providing valuable insights into the direction of the company and its potential for continued growth.
In conclusion, Ferrari's Q4 earnings snapshot paints a picture of a company that is thriving, thanks to its unwavering commitment to innovation, a strong product portfolio, and a dedication to excellence in all aspects of its business. As the company looks to the future, investors can be confident that Ferrari will continue to deliver impressive results, driven by its passion for pushing the boundaries of what is possible in the world of luxury sports cars.
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