Ferrari ‘fully booked’ until 2025
Ferrari has announced its order books are full into 2025 when the marque is set to unleash its first fully electric vehicle.
The announcement came as the Italian luxury carmaker raised its earnings forecast for this year after core profit in the third quarter of 2023 beat estimates, reports Reuters.
Benedetto Vigna, chief executive, says all Ferrari models bar one are effectively sold out for the coming months.
“The order book remains at highest levels reflecting strong demand across all geographies, covering the entire 2025,” he adds.
He also confirmed the prancing horse brand is on-track to launch its first battery electric vehicle in the last quarter of 2025.
This will be preceded by the establishment of a new e-factory in Maranello, Italy, which is expected to be operational by June 2024.
The company predicts its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) will reach at least €2.25 billion (NZ$4.1b) this year, up from a previous forecast of €2.19b- €2.22b.
In the July-September period, Ferrari’s adjusted EBITDA climbed 37 per cent from a year ago to €595 million.
