Africa-Press – Tanzania. Ferrari posted a significant rise Tuesday in its quarterly profit as it warned about risks related to US tariffs that may affect its earnings in 2025.
The Italian luxury carmaker reported a net profit of €412 million ($466.3 million) in the first quarter, reflecting a 17% increase from the same period last year.
It cautioned that the imposition of US tariffs on EU automobile imports may harm the company’s profitability.
“The (2025) guidance is subject to a potential risk of 50 basis points reduction on profitability percentage margins (EBIT and EBITDA margins), in relation to the update of the commercial policy following the introduction of import tariffs on EU cars into the USA,” Ferrari said in its earnings report.
Ferrari’s 2025 guidance urges adjusted profits per share of €8.6, net sales of more than €7 billion, and earnings before interest, taxes, depreciation and amortization of at least €2.68 billion.
“Another year is off to a great start,” CEO Benedetto Vigna said in a statement.
“In the first quarter of 2025, with very few incremental shipments year on year, all key metrics recorded double-digit growth, underscoring a strong profitability driven by our product mix and continued demand for personalizations,” he said.
US President Donald Trump’s back-and-forth trade tariff strategy is having a disruptive effect on luxury automakers.
Trump levied a 25% tariff on automobile imports in April. Later, however, attempted to weaken the taxes last week by issuing an executive order intended to stop several other distinct levies, including an extra 25% tariff on steel and aluminum, from “stacking” on top of each other.
Ferrari said in late March it would increase the price of some models by 10% in reaction to the duties.
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