Ferrari announced this Tuesday that it achieved a net profit of €412 million in the first quarter of 2025, representing a 17% increase compared to the same period last year.
The figure exceeded the forecasts of analysts consulted by “Reuters”, who expected the Maranello-based company to report a net profit of €410 million.
“In the first quarter of 2025, with very few additional shipments compared to the previous year, all key indicators showed double-digit growth, highlighted by strong profits driven by our product mix and ongoing demand for customized models,” said Ferrari’s CEO, Benedetto Vigna, in a statement.
The Italian luxury sports car manufacturer warned, however, that tariffs imposed by the U.S. on all imported vehicles could cut 50 basis points from Ferrari’s profit margins in 2025.
Despite this warning, the Maranello brand maintained its forecasts for 2025, including annual profits before interest, taxes, depreciation, and amortization (EBITDA) of at least €2.68 billion and an EBITDA margin of at least 38.3%.
It is worth noting that Ferrari announced at the end of March the decision to increase prices by 10% on certain models in response to the tariffs.
Analysts from Bernstein, consulted by “Reuters,” stated that the year-end forecasts for Ferrari represent a sign of confidence at a time when companies like Mercedes, Ford, and Stellantis have suspended their projections.
