Ferrari Group FY25 Revenue Rises 3% to €359.4 Million

Ferrari Group Reports Modest Revenue Growth in FY25

Ferrari Group announced preliminary full-year revenue of €359.4 million for FY25, marking a 3.0% increase year-over-year. The results slightly missed analyst forecasts, influenced by foreign exchange headwinds and mixed regional performance.

Performance Details and Headwinds

The luxury logistics provider's constant currency growth stood at 4.8%, falling short of its medium-term goal of 6% to 8%. Foreign exchange rates negatively impacted reported growth by 1.8 percentage points. Fourth-quarter revenue grew 1.4% to €96.0 million, showing a constant currency growth of 5.2%.

Strong Growth in Asia and the Americas

The fourth quarter saw a significant turnaround in Asia with growth of 13.9%, driven by a new hub in Bangkok despite weakness in China. North America and Brazil also showed strong performance, growing 13.5%, with Brazilian demand supported by rising gold prices. Europe's performance remained stable with a minor decline of 0.4%.

Profitability Outlook

Looking ahead, Ferrari Group anticipates maintaining its EBITDA margin at 26.5%. This figure remains below its medium-term target range of 27% to 29%, signaling ongoing cost and currency pressures.

FAQ

Q: What was Ferrari Group's total revenue for FY25?
A: The company reported preliminary full-year revenue of €359.4 million, a 3.0% increase from the previous year.

Q: Which region performed best in the fourth quarter?
A: The Rest of the World region posted the highest growth at 14.7%, closely followed by Asia at 13.9% and North America & Brazil at 13.5%.

Q: How did foreign exchange rates affect the results?
A: Foreign exchange headwinds reduced the reported revenue growth by 1.8%.

Source: Investing.com