Ferrari N.V. announced robust first-quarter 2025 results, with core earnings rising by 15% and net profit increasing by 17% to €412 million. Net revenue for the quarter grew by 13% to €1.79 billion, driven by a rich product mix and sustained demand for vehicle personalization.
Despite the strong financial performance, global shipments saw a modest increase of less than 1%, totaling 3,593 vehicles. The company reiterated its 2025 guidance but included a cautionary note regarding potential U.S. tariffs, which could lead to a 50 basis point reduction in profitability percentage margins (EBIT and EBITDA).
CEO Benedetto Vigna provided an update on the highly anticipated Ferrari Elettrica, the company's first all-electric vehicle. The full reveal of the Elettrica is now scheduled for spring 2026, with deliveries commencing in October 2026, a shift from the previously expected October 2025 unveiling. The company plans to showcase the 'technological heart' of the vehicle in October 2025.
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