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Luxury carmaker Ferrari beats third-quarter profit expectations
Ferrari technicians inspect supercars on the production line inside the company’s factory in Maranello, Italy, October 2, 2025. REUTERS/Remo Casilli/File Photo
Remo Casilli | Reuters
Luxury carmaker Ferrari on Tuesday reported stronger-than-expected third-quarter profit, with net revenues jumping more than 7% compared to the same period last year.
The Maranello, Italy-based sports car manufacturer posted net profit of 382 million euros ($439.5 million) for the July-September period, reflecting a nearly 2% increase from the same period last year.
Analysts had expected first-quarter net profit to come in at 367.33 million euros, according to an LSEG compiled consensus.
“We continue to advance with conviction and strong visibility on our development path,” Ferrari CEO Benedetto Vigna said in a statement.
“At our Capital Markets Day, we have defined a clear trajectory in the long-term interests of our brand, setting the floor for sustainable growth toward 2030,” he added.
Ferrari recently notched its worst-ever trading day after its 2030 guidance fell short of analyst expectations.
The firm’s share price tumbled 15.4% on Oct. 9, closing at 354 euros. It marked the automaker’s steepest daily loss since it publicly listed on the Milan stock exchange in early 2016.
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