Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Ferrari sees strong demand stretching into the distance

by Jessica Weisman-Pitts
0 comment

Ferrari sees strong demand stretching into the distance

By Giulio Piovaccari and Keith Weir

MILAN (Reuters) -Ferrari’s order books are bulging all the way into 2025 when it plans to launch its first fully electric vehicle, the luxury sports car maker said on Thursday, as it raised its earnings forecast for this year.

Core profit in the third quarter beat estimates, driven by pricing power and the continuing appeal of personalised additions to its cars.

“The order book remains at highest levels reflecting strong demand across all geographies, covering the entire 2025,” Chief Executive Benedetto Vigna said.

Vigna told analysts all Ferrari models bar one were effectively sold out for the coming months.

His tone was markedly more bullish than German rival Porsche, which warned last week that the luxury sector was feeling the effects of consumer caution as interest rates rise.

Vigna confirmed that Ferrari, famous for its high performance petrol cars, was on track to launch its first fully electric vehicle in the last quarter of 2025.

The vehicle is currently in the prototype phase and the new “ebuilding” where it will be constructed at the company’s home in Maranello, northern Italy, is due to open next June.

Ferrari shares were up 5.2% at 1530 GMT and have gained almost 50% so far this year, according to LSEG data.

“With a new production facility, potential hypercar, and BEV (electric) model all expected to arrive within the next 24 months, investors see Ferrari as moving into another exciting phase of the company’s history,” Bernstein analysts said in a note.


Deliveries in the quarter were driven by the 296 and the SF90 families, while the 812 Competizione A and the Purosangue four-seater were in ramp up phase. The F8 Spider was approaching the end of its lifecycle.

The product portfolio in the quarter included nine internal combustion engine models and four hybrid engine models. Hybrid deliveries reached 51.0% of total shipments in the quarter.

The company now expects its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to reach at least 2.25 billion euros ($2.39 billion) this year, versus a previous – and already improved – forecast of 2.19-2.22 billion euros.

In the July-September period, Ferrari’s adjusted EBITDA climbed 37% to 595 million euros, topping analyst expectations of 560 million euros, according to a Reuters poll.

($1 = 0.9406 euros)

(Reporting by Giulio Piovaccari in Milan and Keith Weir in London Additional reporting by Nick Carey in London Editing by David Evans and Mark Potter)