Ferrari races to the top

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Ferrari's Q3 2024 net revenues totaled €1,644 million, marking a 6.5% year-over-year increase, or 7.0% at constant currency. The growth was primarily driven by a combination of factors, including a richer product and country mix and a rise in customer personalization's. Revenues from cars and spare parts amounted to €1,400 million, reflecting a 5.2% increase (5.8% at constant currency), bolstered by strong demand for high-end models and bespoke features.



The sponsorship, commercial, and brand segment also performed exceptionally well, with revenues reaching €174 million, a significant 20.4% increase (20.9% at constant currency). This growth was largely attributed to the addition of new sponsorship deals and an overall stronger brand presence.

However, Ferrari experienced a slight negative currency impact of €8 million, primarily due to fluctuations in the US Dollar and Japanese Yen, affecting both translation and transaction processes. Despite this, the company continued to deliver strong financial results, demonstrating resilience in its global operations and commitment to premium offerings.
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