Ferrari records net profit of over 1 billion euros for the first time - record growth and impressive future forecasts. CEO Benedetto Vigna expresses confident outlook for 2024 and beyond.

Ferrari records net profit of over 1 billion euros for the first time - record growth and impressive future forecasts. CEO Benedetto Vigna expresses confident outlook for 2024 and beyond.

According to a report by de.motor1.com, Ferrari posted a net profit of over 1 billion euros last year, an increase of 34 percent. Sales rose by 17.2 percent to 5.970 billion euros and adjusted EBIT (operating profit) to 1.617 billion (+31.8%). The number of vehicles delivered was 13,663 (+442 units). CEO Benedetto Vigna commented on this as a very successful business milestone for the company.

However, in addition to the positive numbers, there were also some negative developments. Engine sales recorded an 18 percent decline, mainly due to the expiring contract with Maserati. Sales in China and neighboring regions also fell by 4 percent. However, deliveries increased in Europe, North and South America and the rest of APAC.

Despite the challenging market conditions, the forecast for 2024 shows a further increase in net sales to over 6.4 billion euros and an EBIT margin of over 27 percent. This suggests that Ferrari remains on a strong growth path.

These impressive financial results are expected to have an impact on the market, the consumer and the industry. With such positive figures, the Ferrari brand will continue to consolidate its position as a luxury brand and symbol of exclusive sports cars. The increasing sales figures could also help drive further investment in research and development of new models, which in turn could provide consumers with innovative and premium vehicles.

The sports car and luxury vehicle market will continue to benefit from Ferrari's success, with the brand continuing to drive interest and desirability among car fans around the world.

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According to a report by de.motor1.com, Ferrari posted a net profit of over 1 billion euros last year, an increase of 34 percent. Sales rose by 17.2 percent to 5.970 billion euros and adjusted EBIT (operating profit) to 1.617 billion (+31.8%). The number of vehicles delivered was 13,663 (+442 units). CEO Benedetto Vigna commented on this as a very successful business milestone for the company.

However, in addition to the positive numbers, there were also some negative developments. Engine sales recorded an 18 percent decline, mainly due to the expiring contract with Maserati. Sales in China and neighboring regions also fell by 4 percent. However, deliveries increased in Europe, North and South America and the rest of APAC.

Despite the challenging market conditions, the forecast for 2024 shows a further increase in net sales to over 6.4 billion euros and an EBIT margin of over 27 percent. This suggests that Ferrari remains on a strong growth path.

These impressive financial results are expected to have an impact on the market, the consumer and the industry. With such positive figures, the Ferrari brand will continue to consolidate its position as a luxury brand and symbol of exclusive sports cars. The increasing sales figures could also help drive further investment in research and development of new models, which in turn could provide consumers with innovative and premium vehicles.

The sports car and luxury vehicle market will continue to benefit from Ferrari's success, with the brand continuing to drive interest and desirability among car fans around the world.