Ferrari Raises Alarm: Will U.S. Tariffs Impact Luxury Profits After 17% Q1 Surge?

Luxury carmaker Ferrari reported a robust 17% increase in first-quarter net profit to €412 million ($466.3 million), driven by strong demand for personalized vehicles. Despite exceeding analysts’ expectations, CEO Benedetto Vigna warned that U.S. tariffs on EU car imports could impact profitability this year, particularly reducing EBIT and EBITDA margins by 50 basis points. Ferrari’s 2025 outlook includes over €7 billion ($7.93 billion) in revenue and adjusted earnings per share of €8.60 ($9.74).

As several European auto giants struggle amid President Trump’s trade policies, Vigna noted, “Ferrari stands out” despite market uncertainties. Sharing insights from his quarterly call, he emphasized a commitment to growth while being vigilant of the evolving trade landscape. Ferrari will also introduce its highly anticipated all-electric vehicle, the Elettrica, in spring 2026, though details will unfold over time.

While global shipments were up just 1% to 3,593 vehicles, overall net revenue rose 13% to €1.79 billion ($2.03 billion), reflecting strong brand resilience amidst industry challenges.

FAQ

What was Ferrari’s profit increase in Q1 2025?
Ferrari’s net profit rose by 17% to €412 million ($466.3 million).

How could U.S. tariffs impact Ferrari’s profitability?
Ferrari warned that U.S. tariffs on EU auto imports might reduce profitability margins by 50 basis points.

When will Ferrari launch its electric vehicle?
Ferrari plans to unveil its electric vehicle, the Elettrica, in spring 2026.

What is Ferrari’s revenue guidance for 2025?
Ferrari anticipates over €7 billion ($7.93 billion) in revenue for 2025.

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