Ferrari has significantly boosted its financial results due to good sales of more expensive models and expansion of the personalization options where buyers can customize their car to their liking at an additional cost.
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Turnover in the third quarter amounted to 1.8 billion euros, an increase of 7 percent compared to the same period last year. Sales are virtually unchanged in the past three-month period, with a small increase of 0.5 percent to 3,401 cars.
Gain
The adjusted operating result (EBITDA) in the third quarter amounted to 670 million euros. This is significantly higher than the expectation of 649 million euros that analysts had in the books and an increase of 5 percent on an annual basis.
For the first nine months of 2025, turnover and EBITDA are 8 percent higher than a year ago at 5.3 billion euros and 2.1 billion euros respectively. Ferrari expects a turnover of at least 7.1 billion euros and an operating result of at least 2.7 billion euros for the whole of 2025.
Ferrari aims for a turnover of 9 billion euros in 2030 and an adjusted EBITDA of at least 3.6 billion euros. The 78-year-old Italian car manufacturer expects to present the first fully electric car next year.
Rumbling engine
However, the strategy does not include saying goodbye to the fuel car. “In terms of our products, we continue to offer our customers maximum freedom of choice when it comes to the powertrain,” said Ferrari boss Benedetto Vigna.
Ferrari’s first electric car Elettrica has 1,000 hp, but is slower than Tesla
The arrival of electric cars is a very sensitive issue for luxury brands. Buyers would miss the emotion of the roaring engine. Many brands have adjusted their ambitions. For example, Porsche is partly rolling back electrification after the German luxury manufacturer saw its profits implode from 4 billion euros in the first nine months of 2024 to 40 million euros this year. The company has a profit margin of 0.2 percent this year compared to 14.1 percent last year.
Ferrari shareholders can appreciate Ferrari’s figures and ambition. The share rose more than 3 percent on the Milan stock exchange. With a market capitalization of 66 billion euros, the Italian brand is the most valuable car manufacturer in Europe.