Ferrari delivered a solid first quarter in 2025, achieving double-digit growth in revenue and profitability driven by a rich product mix and personalization demand. Shipments remained relatively stable while net income and EPS rose notably.
Revenue rose 13% YoY to €1.791 billion, driven by stronger product and country mix.
Net income reached €412 million, up 17% from Q1 2024.
Adjusted and diluted EPS increased to €2.30.
Strong industrial free cash flow of €620 million supported by working capital gains and model advances.
Ferrari reaffirmed its 2025 guidance, projecting revenue above €7.0 billion and robust free cash flow, though margins may be pressured by new import tariffs in the U.S.
Visualization of income flow from segment revenue to net income
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