Ferrari Warns Trump’s 25% Tariff on EU Imports Could Cut 2025 Margins

Benzinga

Ferrari reported a 17% rise in first-quarter net profit to $466.3 million, narrowly beating analyst expectations, according to CNBC. The results were driven by strong demand for customized models and a favorable product mix. CEO Benedetto Vigna said all key metrics showed double-digit growth despite limited shipment increases. Ferrari warned that Trump’s 25% tariff on EU car imports could reduce profit margins by 50 basis points in 2025, prompting the company to raise U.S. prices by 10% on some models. Shares dipped 0.8% in Milan midday trading.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Ferrari reported a 17% rise in first quarter net profits of $466.3 million,

00:08nearly beating analysts' expectations according to CNBC.

00:11Results were driven by strong demand for customized models and a favorable product mix.

00:15CEO Bendito Vigna said all key metrics showed double-digit growth despite limited shipment

00:20increases. Ferrari warned that Trump's 25% tariff on EU car imports could reduce product

00:25margins by 50 basis points in 2025, product of the company to raise U.S. prices by 10%

00:30on some models. Shares dip 0.8% in Milan midday trading.

00:34For all things money, visit Benzinga.com slash GSTV.

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