Ferrari's Sales and Profits Surge in Q1, Forecasts Confirmed

The Italian sports car manufacturer Ferrari reports a boost for both sales and profit in the first quarter. Increased demand for the most luxurious models and special orders contribute.

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Ferrari's Sales and Profits Surge in Q1, Forecasts Confirmed
Photo: Seth Wenig AP/TT

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Ferrari's net sales in the first quarter rose to 1.79 billion euros, up 13 percent compared to the same period. Increased delivery volumes in both Europe and North America contributed.

The operating result increased even more, up 15 percent.

Both figures were in line with expectations.

Ferrari confirms its forecast for the full year 2025 in the report, despite the car industry's major problems with the Trump administration's tariffs on cars and car parts.

Every fourth Ferrari sold in the world is sold in the USA, and the company has flagged that it plans to raise prices in the USA by up to 10 percent to handle increased costs due to President Donald Trump's tariffs.

Globally, Ferrari's sales volume increased by 1 percent during the first quarter, despite headwinds in China, where there was a 25 percent decline due to decreased demand for Western luxury cars.

In the fourth quarter last year, Ferrari's sales in China also fell, then by 21 percent.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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