"In 2024, Ferrari's record-breaking earnings and a 21% increase in net profit illustrate its strong market position and efficiency compared to larger automotive companies."
"Ferrari achieves an impressive net profit of $291,403 per employee, significantly outpacing competitors like Toyota and Tesla, emphasizing its luxury brand status."
Ferrari reported record revenues for 2024, with an EBITDA of at least â¬2.68 billion and a net profit of $1.58 billion, a 21% increase from 2023. The luxury automaker's net profit per employee stands at $291,403, vastly surpassing major competitors like Toyota and Tesla. The introduction of the new 296 Speciale hybrid models priced at â¬407,000 and â¬462,000 is part of Ferrari's strategy. Despite tariff impacts on pricing, the company's strong financial forecast suggests sustained success in the luxury segment of the automotive market.
Read at London Business News | Londonlovesbusiness.com
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