The luxury sports car manufacturer Ferrari has significantly improved sales and profits in 2024 thanks to a growing demand for personalized cars and the strong range of sports car models.
The sports car specialist Ferrari, after a short reset in the final quarter, has swung back to the growth course during sales despite the significant weakness in China. In the three months of October to December, sales in China, Hong Kong and Taiwan slipped significantly as in the third quarter of the year. This time Ferrari was able to make up for this with climbs in the rest of the world and increase the total sales by two percent to 3,325 cars, as the Italians announced on Tuesday in Maranello. The result before interest, taxes and depreciation exceeded the expectations of analysts with an increase of 15 percent to 643 million euros. The share, which has been on the spot in the past few months, attracted 3 percent in Milan.
However, CEO Benedetto Vigna sets itself more caught in the operational result for the new year. Before interest, taxes and depreciation as well as before special items, the company should make a profit at least 2.68 billion euros and thus 5 percent more than last year, it said. Analysts already had an average of 2.8 billion euros on the slip.
The Volkswagen competitor (Volkswagen (VW) VZ)-Group daughter Lamborghini sold 13,752 cars in the year and one percent more. Sales attracted 12 percent to 6.7 billion euros. Among other things, Ferrari sold more expensive cars and redeemed more with special equipment. The motorsport racing teams, especially in Formula 1, also contributed more sales to sponsorship contracts. The bottom line was that Ferrari earned 1.5 billion euros and thus a fifth more.
A share is targeted by a record high
Thanks to a surprisingly good sales development in the fourth quarter, the papers from Ferrari try to break out of their recent sideways on Tuesday. On Tuesday, the shares of the Italian sports car smithy Ferrari have left their intermediate high from mid -December and reached the highest level since the beginning of November with 441 euros.
Most recently, they won 2.89 percent in Milan to 427.30 euros.
The short and medium-term chart image is now noticeably brightened. At the same time, the 200-day line for the long-term trend supports around 408 euros as well as the 400 euro mark, where the course has been caught again and again since November. On the top, the record high marked at the end of October moves in sight at a good 456.70 euros.
dpa-Afx / Dow Jones
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