JOURNAL ARTICLE

Ferrari Expects Earnings to Rise This Year on Luxury Demand.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Lepido, Daniele 3 of 3

Abstract

The article focuses on Ferrari NV's positive earnings outlook for 2024, driven by a robust order book and strategic pricing adjustments. The company anticipates adjusted earnings before interest, taxes, depreciation, and amortization of at least €2.45 billion ($2.64 billion), aligning with analyst expectations. Ferrari's CEO, Benedetto Vigna, is also steering the brand towards electric vehicles, with plans to launch its first fully electric car by late 2025. Additionally, Ferrari is constructing a new factory in Maranello, Italy, dedicated to hybrid and electric supercars, set to open in June 2024. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/02, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2024
  • Accession Number:175188958
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