Luxury carmaker Ferrari posts 21% uptick in full-year profit, sees 2025 growth

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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 *******, reflecting a 21% increase from the previous year.

Milan-listed shares of the company rose 4.8% on the news before trading was halted.

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