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

World

CNBC Daily Open: Trump’s relationships can send markets roiling

June 6, 2025

US President Donald Trump and Tesla CEO Elon Musk speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Developments from the White House are growing more exciting and unpredictable than […]

World

Asia-Pacific markets set to open mixed as investors digest Trump-Xi call

June 5, 2025

The view of Nanjing Road East Pedestrian Mall, the main shopping street in Shanghai. Bruce Yuanyue Bi | The Image Bank | Getty Images Asia-Pacific markets were set to trade mixed Friday as investors assessed the phone call between U.S. President Donald Trump and Chinese President Xi Jinping. Trump and Xi spoke on Thursday and […]

World

Harvard files legal challenge to Trump’s effort to block visas for international students

June 5, 2025

Cambridge, MA – May 28: Soon to be graduates take photos after Harvard University’s Class Day ceremony on May 28, 2025. Brett Phelps | Boston Globe | Getty Images Harvard University on Thursday filed a legal challenge to President Donald Trump’s efforts to block visas for foreign students planning to attend the Ivy League college. “Singling out […]