Ferrari (NYSE:RACE) delivered an upbeat outlook for the current financial year, saying it expects adjusted earnings before interest, taxes, depreciation and amortization to reach at least €2.93 billion, slightly ahead of the €2.91 billion forecast by Bloomberg consensus.
The luxury sports car manufacturer also exceeded market expectations in the fourth quarter, reporting core income of €700 million on revenue of €1.8 billion, both topping Wall Street estimates.
For the full year, net revenues climbed 7% to €7.146 billion, while operating profit rose to €2.11 billion. Ferrari said its performance demonstrated “resilience” despite geopolitical tensions and broader economic uncertainty, including the impact of additional U.S. tariffs on imported European vehicles and ongoing currency volatility.
“Demand for Ferrari remains very solid and is managed with discipline in every market reflecting our exclusivity model: our order book extends towards the end of 2027,” chief executive Benedetto Vigna said in a statement.
U.S.-listed shares of the Italian automaker surged more than 9% in premarket trading following the update.