World News

Luxury carmaker Ferrari posts 21% uptick in full-year profit, sees 2025 growth

Luxury carmaker Ferrari posts 21% uptick in full-year profit, sees 2025 growth


The Ferrari F50 at Salon Prive London, held at the Royal Chelsea Hospital. 

Martyn Lucy | Getty Images News | Getty Images

Luxury carmaker Ferrari on Tuesday reported a significant upswing in full-year net profit, citing a strong product mix and growing demand for personalization.

Ferrari posted net profit of 1.53 billion euros ($1.58 billion) for the full-year 2024 period, reflecting a 21% increase from the previous year.

Milan-listed shares of the company rose 4.8% on the news before trading was halted.

This is breaking news. Please refresh for updates.



Source link

Related posts

Measles highest in 25 years in European region, WHO says

admin

DeepSeek: Is China’s AI tool as good as it seems?

admin

‘Take a baby crocodile and see how you go there’ warns Australian PM after wombat row

admin

Leave a Comment