Why has Ferrari stock dropped?
Italian luxury carmaker Ferrari’s shares plunged more than 16% Thursday after the firm’s updated guidance for this fell short of the market expectations. Ferrari said that it expects net revenue of at least €7. While many luxury carmakers struggle with dwindling demand and profit margins, one automaker continues to outshine the rest: Ferrari. According to Ferrari, 2024 was the brand’s record year. With a margin of 28.
Is Ferrari making profit?
Ferrari made record profits Italian media reports record profits for Ferrari in 2024. Net revenue was 6. Piero Ferrari is vice chairman and 10% owner of luxury race car company Ferrari. His father Enzo founded Ferrari. Piero became a billionaire when Ferrari listed its shares on the New York Stock Exchange in October 2015. The company went public as part of a spinoff from Fiat Chrysler.Ferrari Management Ferrari’s CEO is Benedetto Vigna, appointed in Sep 2021, has a tenure of 4. M, comprised of 18. M.Piero Ferrari (born Piero Lardi, 22 May 1945; later Piero Lardi Ferrari) is an Italian billionaire businessman and sport personality. He is the second and only living son of Enzo Ferrari, and a 10. Ferrari automotive company, of which he is the vice chairman. He owns 13. Ferretti Group.