Ferrari Nudges Full-Year Guidance Higher, Outlines Long-Term Targets
By Dominic Chopping
Ferrari nudged its full-year financial expectations higher Thursday as it set out new long-term profitability targets until the end of the decade.
The Italian luxury sports-car maker said it expects net revenue to grow at 5% a year over the next five years, driven by its model lineup, including limited-edition models, and car customizations. Volumes will positively contribute, but to a lesser extent, it said.
Shares fell 13% in afternoon trade.
Ferrari now expects to report net revenue of at least 7.1 billion euros ($8.26 billion) this year, up from 7 billion euros previously, and rising to around 9 billion euros in 2030.
Adjusted earnings before interest, taxes, depreciation and amortization is now expected to reach at least 2.72 billion euros, from at least 2.68 billion euros previously, and hitting at least 3.6 billion euros in 2030. Full-year margin guidance of at least 38.3% was left unchanged, with a figure of at least 40% expected in 2030.
The news comes as Ferrari scaled back it electric-vehicle ambitions while guiding to a model lineup that will include a greater share of combustion engine models compared to previous forecasts.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
October 09, 2025 06:58 ET (10:58 GMT)
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