Latest news with #SpecialeA
Euronews
06-05-2025
- Automotive
- Euronews
Ferrari starts year with racing profit but warns of tariff impact
ADVERTISEMENT Italian luxury carmaker Ferrari reported a robust first quarter with a 17% increase in its net profit to €412 million for the first three months of 2025, slightly better than expected. The carmaker also warned that US trade tariffs could hit earnings later this year. Net revenues for Q1 2025 were €1.8bn, 13% more than in the previous year. 'Another year is off to a great start,' Benedetto Vigna, CEO of Ferrari, said. 'In the first quarter of 2025, with very few incremental shipments year on year, all key metrics recorded double-digit growth, underscoring a strong profitability driven by our product mix and continued demand for personalisations.' Revenues from the car-making business were up by 11.1%, partially due to increased personalisations. Overall shipments increased by 0.9% in the first quarter, mainly driven by demand in the EMEA region and the US, but shipments to Mainland China, Hong Kong and Taiwan decreased. Revenues from sponsorship, commercial and brand were up by 32.1%. Related Ferrari raises prices for certain models in response to Trump's auto tariffs Ferrari posts strong results as luxury personalisation demand rises Outlook for 2025 For the full year 2025, the Italian carmaker expects net revenues to be up by 5% year-on-year, resulting in more than €7bn. According to its guidance, the adjusted operating profit is expected to be around or more than €2.03bn, up by 7% or more. However, the carmaker warned that this profit could be reduced if US tariffs hit the carmaker harder than expected. 'The above guidance is subject to a potential risk of 50 basis points reduction on profitability percentage margins (EBIT and EBITDA margins), in relation to the update of the commercial policy following the introduction of import tariffs on EU cars into the USA,' the statement said. At the end of March, Ferrari already announced that it would increase their prices for certain models up to 10% in response to Trump's 25% auto tariffs on European car imports. 'We continue to enrich our product offering – in line with our plans – with six new models this year, which include the newly launched 296 Speciale, 296 Speciale A and the much-anticipated Ferrari elettrica through a unique and innovative unveiling,' Vigna said. 'We are very excited about what lies ahead.' Ferrari's share prices were more than 1.8% up after the report at 4.30 p.m. CEST in the Italian trade on Euronext Milan.
Yahoo
06-05-2025
- Automotive
- Yahoo
Ferrari starts year with racing profit but warns of tariff impact
Italian luxury carmaker Ferrari reported a robust first quarter with a 17% increase in its net profit to €412 million for the first three months of 2025, slightly better than expected. The carmaker also warned that US trade tariffs could hit earnings later this year. Net revenues for Q1 2025 were €1.8bn, 13% more than in the previous year. 'Another year is off to a great start,' Benedetto Vigna, CEO of Ferrari, said. 'In the first quarter of 2025, with very few incremental shipments year on year, all key metrics recorded double-digit growth, underscoring a strong profitability driven by our product mix and continued demand for personalisations.' Revenues from the car-making business were up by 11.1%, partially due to increased personalisations. Overall shipments increased by 0.9% in the first quarter, mainly driven by demand in the EMEA region and the US, but shipments to Mainland China, Hong Kong and Taiwan decreased. Revenues from sponsorship, commercial and brand were up by 32.1%. Related Outlook for 2025 For the full year 2025, the Italian carmaker expects net revenues to be up by 5% year-on-year, resulting in more than €7bn. According to its guidance, the adjusted operating profit is expected to be around or more than €2.03bn, up by 7% or more. However, the carmaker warned that this profit could be reduced if US tariffs hit the carmaker harder than expected. 'The above guidance is subject to a potential risk of 50 basis points reduction on profitability percentage margins (EBIT and EBITDA margins), in relation to the update of the commercial policy following the introduction of import tariffs on EU cars into the USA,' the statement said. At the end of March, Ferrari already announced that it would increase their prices for certain models up to 10% in response to Trump's 25% auto tariffs on European car imports. 'We continue to enrich our product offering – in line with our plans – with six new models this year, which include the newly launched 296 Speciale, 296 Speciale A and the much-anticipated Ferrari elettrica through a unique and innovative unveiling,' Vigna said. 'We are very excited about what lies ahead.' Ferrari's share prices were more than 1.8% up after the report at 4.30 p.m. CEST in the Italian trade on Euronext Milan.
Business Times
29-04-2025
- Automotive
- Business Times
Ferrari unveils 400,000 euro hybrid supercars for collectors
[Maranello, Italy] Ferrari unveiled new special editions of its best-selling sports car, the 296, in a bid to extend the life of the model and cash in on an incremental boost in performance. The 296 Speciale coupé will start at 407,000 euros (S$607,180), with deliveries commencing in the first quarter of next year, Ferrari said on Tuesday (Apr 29). The Speciale A convertible, slated for the following quarter, will cost 462,000 euros. Both are big steps up from the 292,000 euro price tag on the base existing model, the 296 GTB. Ferrari makes a tidy business of selling limited-run versions of its supercars to collectors willing to pay premiums for exclusivity. In the case of the 296 specials, customers also will take delivery of cars that are lighter and quicker, with both boasting total output of 880 metric horsepower, 50 more than their equivalent base models. The specials are equipped with mid-rear-mounted V6 engines and electric motors that each eke out a little more power than the original 296 cars, which Ferrari continues to sell. The new models each weigh about 60kg reach top speeds of more than 330km per hour. The 296 has driven a shift in Ferrari's business under chief executive officer Benedetto Vigna, who joined the manufacturer from chipmaker STMicroelectronics NV in 2021. Hybrids led by the 296 GTS were 51% of the company's shipments in 2024, up from just 22% in Vigna's first full year in the job. The carmaker is also on track to unveil its first fully electric vehicle in October, Vigna said in an interview with Bloomberg Television's Francine Lacqua on Tuesday. Ferrari plans to raise prices for some of its cars in the US by as much as 10% due to President Donald Trump's new auto tariffs, the company said last month. The country is the company's biggest market, accounting for around a quarter of shipments. The carmaker produces all of its vehicles – almost 14,000 per year – in Maranello, Italy. BLOOMBERG
Bloomberg
29-04-2025
- Automotive
- Bloomberg
Ferrari Unveils €400,000-Plus Hybrid Supercars for Collectors
Takeaways NEW Ferrari NV unveiled new special editions of its best-selling sports car, the 296, in a bid to extend the life of the model and cash in on an incremental boost in performance. The 296 Speciale coupé will start at €407,000 ($463,000), with deliveries commencing in the first quarter of next year, Ferrari said Tuesday. The Speciale A convertible, slated for the following quarter, will cost €462,000. Both are big steps up from the €292,000 price tag on the base existing model, the 296 GTB.
