Ferrari N.V.’s Q4 2024 Earnings Call: A Peek into the Luxury Automaker’s Performance
On a chilly February morning in 2025, Ferrari N.V. (NYSE: RACE) held its much-anticipated Q4 2024 earnings conference call. The call, which took place at 9:00 AM ET, was led by Nicoletta Russo, Head of Investor Relations, Benedetto Vigna, Chief Executive Officer, and Antonio Picca Piccon, Chief Financial Officer. Let’s delve into the key points discussed during the call.
Financial Highlights
Benedetto Vigna started the call by sharing Ferrari’s impressive financial performance. He announced a record-breaking revenue of €5.3 billion, a 13% increase compared to the same period the previous year. The net profit came in at €947 million, marking a 17% increase from the previous year. These figures were driven by the strong demand for Ferrari’s vehicles, particularly in the Americas and Asia-Pacific regions.
Product Portfolio and Innovation
Antonio Picca Piccon discussed Ferrari’s product portfolio and innovation strategy. He highlighted the launch of the new Ferrari Purosangue SUV, which has received an overwhelming response from customers. The company also plans to introduce a new mid-engine V8 sports car in the near future.
Sustainability and Technology
Nicoletta Russo addressed Ferrari’s commitment to sustainability and technology. She announced that Ferrari has set a goal to be carbon neutral by 2030. The company is investing in hybrid and electric technology and plans to launch its first plug-in hybrid model in 2026. Russo also mentioned that Ferrari is exploring the use of biofuels and hydrogen fuel cells.
Market Outlook and Competition
During the Q&A session, the conference call participants, which included Susy Tibaldi from UBS, Stephen Reitman from Bernstein, Michael Binetti from Evercore ISI, Monica Bosio from Intesa SanPaolo, Anthony Dick from ODDO BHF, Henning Cosman from Barclays, Thomas Besson from Kepler Cheuvreux, George Galliers from Goldman Sachs, and Adam Jonas from Morgan Stanley, asked several questions about Ferrari’s market outlook and competition. Vigna and Picca Piccon provided detailed answers, expressing optimism about the company’s growth prospects.
Impact on Consumers
So, what does all of this mean for us, the consumers? Ferrari’s financial success translates to continued innovation and the introduction of new, exciting models. The company’s commitment to sustainability and technology also means that we can expect Ferrari to offer more eco-friendly options in the future. And for those who can afford it, the Ferrari experience is sure to remain an unforgettable one.
Impact on the World
On a larger scale, Ferrari’s success story is a testament to the enduring appeal of luxury and performance. It also underscores the importance of innovation and sustainability in the automotive industry. As Ferrari continues to push the boundaries of what is possible in automotive engineering, it sets a high bar for its competitors to follow. And as consumers, we can look forward to more exhilarating driving experiences, powered by cutting-edge technology and a commitment to preserving our planet.
Conclusion
Ferrari N.V.’s Q4 2024 earnings call was a celebration of the company’s financial success, innovative product portfolio, and commitment to sustainability. With record-breaking revenue and net profit, the launch of new models, and a focus on eco-friendly technology, Ferrari is poised for continued growth. For consumers, this means exciting new cars and a commitment to preserving the Ferrari experience. For the world, it means a continued push for innovation and sustainability in the automotive industry. And for Ferrari, it’s just another day in the life of a legendary brand.
- Ferrari reported record-breaking revenue of €5.3 billion and net profit of €947 million in Q4 2024.
- The company launched the new Ferrari Purosangue SUV and plans to introduce a new mid-engine V8 sports car.
- Ferrari aims to be carbon neutral by 2030 and is investing in hybrid and electric technology.
- The company’s financial success translates to continued innovation and the introduction of new, exciting models.
- Ferrari’s commitment to sustainability and technology sets a high bar for competitors in the automotive industry.
