Filing Flows › Ferrari N.V. (RACE) › FY2024
Ferrari N.V. (RACE) FY2024 earnings results (fiscal 2024)
20-F filed Feb 21, 2025
Ferrari N.V. (RACE) reported revenue of $6.7B for the fiscal 2024 (FY2024), +12% from a year earlier. Operating margin was 28.3%, net earnings $1.5B (22.9% of revenue).
Ferrari N.V., FY2024: revenue $6.7B (+12% year over year), operating margin 28.3%, net earnings $1.5B, operating cash flow $1.9B. The chart follows the revenue to costs, profit and cash.
| FY2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7B | — | +12% |
| Operating profit | $1.9B | — | +17% |
| Net earnings | $1.5B | — | +21% |
| Operating cash flow | $1.9B | — | +12% |
| Free cash flow | $1.4B | — | +8% |
What changed
Revenue was €6.7B in FY2024, up 12% year over year.
Operating profit was €1.9B, a 28.3% margin (up 1.2 points year over year). Of the extra revenue versus FY2023, 38% reached operating profit, above the 27% margin then. Total costs grew 10% against revenue growth of 12%. The fastest-growing cost line was SG&A (+21%). Net earnings were €1.5B, up 22% year over year. The effective tax rate was 19.2%.
Operating cash flow was €1.9B (up 12% year over year), 126% of net earnings. Non-cash charges added back €0.67B of depreciation and amortization. Working capital and other items used €0.27B. Capital expenditures of €0.48B left free cash flow of €1.4B.
Questions
What was Ferrari N.V.'s revenue in the fiscal 2024?
Ferrari N.V.
Was Ferrari N.V. profitable in the fiscal 2024?
Operating profit was $1.9B (28.3% of revenue) and net earnings $1.5B.
Source: Ferrari N.V. 20-F on SEC EDGAR.