In the first quarter of 2025, Italian automotive manufacturer Ferrari reported a 15% increase in revenue while maintaining its financial forecast for the year, despite tariffs imposed by President Donald Trump. The company projected an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of at least €2.68 billion ($3.04 billion) for the year.
Ferrari’s core earnings for the quarter reached €693 million, closely aligning with the analysts’ estimate of €689 million from a Reuters survey. This positive outcome was bolstered by the introduction of several high-end models and increased demand for bespoke automotive features, particularly from lucrative markets in America.
Deliveries remained relatively stable compared to the same quarter last year, totaling 3,593 vehicles. This consistency highlighted what CEO Benedetto Vigna described as “strong profitability.”
During this period, Ferrari unveiled the new plug-in hybrid model, the 296 Speciale, along with its convertible version. The company also announced plans to introduce six new models throughout the year, including its first fully electric vehicle, set to launch in early October.
