Ferrari N.V. announced that its core earnings for the second quarter of 2025 rose by 6%, supported by strong pricing power and a richer product offering. Total revenues reached approximately €1.8 billion, a 4.4% year-over-year increase despite flat vehicle deliveries.
The company achieved an EBITDA exceeding €700 million, resulting in an impressive EBITDA margin of 39.7%, with an EBIT margin close to 31%. Personalizations continued to be a significant revenue driver, accounting for approximately 20% of the 'Cars and Spare Parts' segment's total revenues.
Ferrari expressed increased confidence in its 2025 guidance, removing a 50 basis point risk on percentage margins. This optimism stems from a recent agreement on U.S. tariffs and expectations of lower industrial costs in the second half of the year. However, the company anticipates deliberately reducing deliveries in the remainder of 2025 compared to 2024, prioritizing revenue quality over volume.
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