Ferrari posted record earnings for 2024, with net profit climbing 21% from the previous year. The luxury automaker attributed its strong performance to a favorable product mix and rising demand for vehicle personalizations. Ferrari anticipates further growth in 2025, projecting a 5% revenue increase and a similar rise in adjusted core earnings. CEO Benedetto Vigna highlighted the company’s focus on revenue quality over volumes and expressed confidence in achieving high-end profitability targets ahead of schedule. Shares in Milan jumped over 3% on the news, and U.S. shares were last seen 3% higher.
