Italian luxury carmaker Ferrari posted a strong 17% year-on-year increase in net profit for the first quarter of 2025, but warned that U.S. import tariffs could pose a threat to its earnings outlook for the year ahead.
The company reported a net profit of €412 million ($466.3 million) for Q1, citing robust demand and increased vehicle personalization as key drivers of growth. Despite limited growth in shipments, Ferrari said all major financial metrics saw double-digit improvements.
“Another year is off to a great start,” said CEO Benedetto Vigna. “With very few incremental shipments year on year, all key metrics recorded double-digit growth, underscoring strong profitability driven by our product mix and continued demand for personalizations.”
However, the upbeat earnings were tempered by caution surrounding U.S. trade policy. In its earnings statement, Ferrari flagged the risk of a 50 basis-point reduction in its EBIT and EBITDA margins if new U.S. tariffs on EU automobile imports take full effect.
“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,” the company stated.
President Donald Trump’s shifting tariff policies have disrupted global automakers, especially luxury brands reliant on transatlantic trade. In April, Trump imposed a 25% tariff on European automobile imports, prompting Ferrari in late March to raise prices on some models by 10% in an effort to offset the added costs.
While Trump issued a partial rollback of certain overlapping duties—including extra tariffs on steel and aluminum—analysts say the core automobile import tariff remains in effect, posing a continuing risk to European carmakers.
Ferrari’s 2025 financial guidance projects adjusted earnings per share of €8.6, net sales exceeding €7 billion, and EBITDA of at least €2.68 billion. The company’s ability to maintain that trajectory, however, may hinge on the evolving U.S.-EU trade environment.
As the Ukraine war is highlighted by some leaders during the United Nations' 81st General Assembly meetin...
The 81st UN General Assembly returns for its third day in New York on Thursday, with world leaders delivering high-level speeches and holding diplo...
Shipping traffic through the Strait of Hormuz remained low on Thursday, as Iran reiterated that it will neither enter into new negotiations with th...
Shipping traffic through the Strait of Hormuz remained low on Thursday, as Iran reiterated that it will neither enter into new negotiations with the United States nor re-open the Strait as long as its conditions are not met, despite recent indirect talks in New York mediated by Qatar.
As the Ukraine war is highlighted by some leaders during the United Nations' 81st General Assembly meeting in New York, Russian forces attacked the Ukrainian capital Kyiv early on Thursday with ballistic missiles, killing two people and injuring six, Mayor Vitali Klitschko said.
U.S. Secretary of State Marco Rubio is set to meet Russian Foreign Minister Sergey Lavrov in New York on Wednesday, as Washington pushes for an end to the war in Ukraine and Kyiv and Moscow continue to strike energy infrastructure.
U.S. President Donald Trump said his team held a three-hour meeting with an Iranian delegation in New York that he described as “very good” and “productive”, with another round of talks scheduled soon.
The 81st UN General Assembly continues in New York on Wednesday, with another day of high-level speeches and diplomatic meetings. The wars in the Middle East and Ukraine, global security and international cooperation remain at the centre of discussions.
As the Ukraine war is highlighted by some leaders during the United Nations' 81st General Assembly meeting in New York, Russian forces attacked the Ukrainian capital Kyiv early on Thursday with ballistic missiles, killing two people and injuring six, Mayor Vitali Klitschko said.
The 81st UN General Assembly returns for its third day in New York on Thursday, with world leaders delivering high-level speeches and holding diplomatic meetings. Restoring trust, managing global transformation, peace and security, and international cooperation remain at the centre of discussions.
Australia says an OpenAI AI agent gained unauthorised access to a government Medicare statistics portal in June, in what officials say could be an unprecedented case of an AI system breaching a government network.
Pakistan says it carried out air strikes on 10 locations in Afghanistan on Thursday, targeting sites it said were used to store and launch drones, as tensions between the two neighbouring countries continued to escalate.
Here’s your AnewZ Daily Brief for 24 September 2026, with five key developments from the second day of the 81st United Nations General Assembly in New York.
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