Sees adjusted EBITDA of at least 2.45 bln euro in 2024
Adjusted EBITDA margin seen at least at 38 this year
Adjusted EBITDA rose 19 in Q4 to 558 mln euros
FY net profit over 1 bln euros for first time
Purosangue led sales last year

MILAN, Feb 1 Reuters 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 Ferrari39;s shares roaring ahead by as much as 9.5, putting the company39;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.

Presenting its 2023 results, which broadly met its targets, the Italian company guided for adjusted earnings before interest, tax, depreciation and amortization EBITDA increasing to at least 2.45 billion euros 2.64 billion this year.

That compares with the 2.28 billion euros delivered in 2023.

Investors were fearing the worst, namely a conservative guide well below consensus estimates, RBC analysts said in a note, adding this had caused the stock39;s recent selloff.

By 1535 GMT Milanlisted Ferrari shares were up 9.2. They had lost over 10 between midDecember…