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The Ferrari logo emblem, the coat of hands with the lettering and a emerging horse (cavallino rampante), can also be noticed at the rim of a car from the sports activities automobile producer in Munich (Bavaria) on April 6, 2025.
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Luxury carmaker Ferrari on Tuesday reported a vital upswing in first-quarter benefit, bringing up powerful call for for customized cars — however warned U.S. President Donald Trump’s business coverage may just hit profits this yr.
The Maranello, Italy-based sports activities automobile producer posted web benefit of 412 million euros ($466.3 million) for the primary 3 months of the yr, reflecting a 17% building up from the similar duration final yr.
Analysts had anticipated first-quarter web benefit to come back in at 410 million euros, in line with Reuters ballot.
“Another year is off to a great start,” Ferrari CEO Benedetto Vigna mentioned in a remark.
“In the first quarter of 2025, with very few incremental shipments year on year, all key metrics recorded double-digit growth, underscoring a strong profitability driven by our product mix and continued demand for personalizations,” Vigna mentioned.
Looking forward, Ferrari warned that the advent of U.S. price lists on EU automobiles imported into the U.S. may just negatively affect the company’s profitability this yr.
“The [2025] guidance is subject to a potential risk of 50 basis points reduction on profitability percentage margins (EBIT and EBITDA margins), in relation to the update of the commercial policy following the introduction of import tariffs on EU cars into the USA,” the automaker mentioned in its profits file.
Luxury carmakers are contending with the disruptive affect of Trump‘s back-and-forth business tariff coverage. Several European auto giants reported a pointy downturn in quarterly benefit this profits season, with many postponing or chopping monetary steerage as Trump’s price lists take their toll.
The president imposed a 25% tariff on car imports into the U.S. in early April. Trump sought to water down those levies final week, on the other hand, signing an government order designed to forestall a spread of alternative separate tasks — reminiscent of an extra 25% price lists on metal and aluminum — from “stacking” on most sensible of each other.
Ferrari mentioned in past due March that it will lift costs by means of 10% on sure fashions in accordance with the price lists. The transfer would upload as much as $50,000 to the cost of a regular Ferrari.
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