Cars

Ferrari Expects Earnings to Rise This Year on Luxury Demand

Net profit exceeded €1 billion for the first time last year
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Ferrari cars inside the grounds of the company headquarters in Maranello, Italy. — Ferrari cars inside the grounds of the company headquarters in Maranello, Italy.
Photographer: Francesca Volpi/Bloomberg

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By Daniele Lepido

February 1, 2024 at 11:21 AM UTC

Updated on

February 1, 2024 at 11:55 AM UTC

Ferrari NV expects earnings to rise this year, backed by a strong order book. The company’s shares rose as much as 4.7% in Milan trading, the biggest jump in about three months.

The supercar maker said Thursday it sees adjusted earnings before interest, taxes, depreciation and amortization of at least €2.45 billion ($2.64 billion) for 2024, in line with analyst expectations.