Luxury sports car maker Ferrari reassured investors on Thursday that its revenues and core earnings would keep growing this year, supported by a strong order book stretching across 2025. The upbeat forecasts sent Ferrari's shares roaring ahead by as much as 9.5%, putting the company's market value in sight of a record $100 billion mark.
"The vitality of our business is once again confirmed by the order book... which remains strong across all geographies and covers the entire 2025," Chief Executive Benedetto Vigna told analysts on a call. Ferrari will enter a new era in the final quarter of next year when it plans to launch its first fully electric car.
