On track to finish out the year in style, Ferrari just released stats and figures from Q3 2024. Ferrari’s third-quarter earnings reflect steady growth, with revenue up 6.5% to approximately $1.7 billion. The boost comes mainly from strong customer demand across its lineup, including models like the Purosangue and Roma Spider, as well as initial deliveries of the SF90 XX Spider. The company shipped 3,383 vehicles this quarter, with its luxury portfolio leaning slightly toward hybrid models, which made up 55% of deliveries. Adjusted profits rose 13%, and earnings per share increased to $2.08, signaling Ferrari’s momentum in the car market.
Ferrari CEO Benedetto Vigna noted the company’s efforts in innovation and sustainability, such as the recent shutdown of the Maranello gas-powered plant as part of Ferrari’s plan to reach carbon neutrality by 2030. He also emphasized the success of the new F80 supercar, a limited-production model that joins Ferrari’s iconic lineup. With its continued focus on hybrid and electrified models, Ferrari’s future seems aimed at combining Italian performance with lower emissions.
Ferrari’s cash flow saw an uptick this quarter, reaching about $385 million, while net debt dropped to $260 million. The strong cash position and positive growth signal Ferrari’s focus on future product development and the development of sustainable technologies. With a full order book extending through 2026, the company remains confident about the year ahead, with plans for new sponsorships and a balanced product lineup to support its milestones. View all Ferrari supercars and hypercars for sale on duPont REGISTRY by clicking the link below.
Source: Ferrari
