Company Updates - Ferrari's stock declined by 5.9% after announcing its 2030 strategic plan, which includes a projected adjusted EBITDA of at least €3.6 billion, despite an upgrade to its 2025 guidance and a commitment to increase its dividend payout to 40% of net profit starting from 2025 [2][7] - HSBC Holdings' CEO indicated the bank's financial strength for acquisitions, following its proposed purchase of Hang Seng Bank, aimed at streamlining operations and investing further in the Hong Kong market [6][7] - Danone shares gained after JPMorgan Chase placed the company on a positive watch ahead of its upcoming results [9] Economic Developments - Spot silver reached a record high of $49.58 per ounce, reflecting strong investor demand for precious metals amid global uncertainties [3][7] - An adviser to Japan's Takaichi and Honda recommended caution for the Bank of Japan regarding interest rate hikes, suggesting a potential increase in December rather than October [4][7] - China clarified that its export curbs are not targeted at any specific country, particularly concerning rare earths, amidst ongoing trade tensions [7][8] Geopolitical Events - Conflicting reports emerged regarding a ceasefire between Israel and Hamas, with an Israeli Deputy Foreign Minister initially stating a ceasefire was in effect, later clarified as pending a government vote [5][7]

格隆汇10月9日｜法拉利(RACE.US)盘前跳水，现跌超5%。消息面上，公司预计2030年营收约90亿欧 元，预计2030年调整后EBITDA至少达36亿欧元；预计本财年调整后稀释每股收益至少达8.8欧元，市场 预期为8.9欧元；预计2030年调整后稀释每股收益至少达11.50欧元。 ...

格隆汇10月9日｜法拉利预计2030年营收约为90亿欧元，调整后EBITDA至少达36亿欧元。 ...

格隆汇10月9日｜法拉利(RACE.US)：我们的订单量已排至2027年。将启动一项规模约35亿欧元的新股 票回购计划，计划自2026年起实施，至2026年底结束。 ...

Core Insights - Ferrari has presented its profitability targets for the end of the decade, upgrading its 2025 guidance and exceeding 2026 profitability targets one year ahead of schedule [1][7]. Financial Targets - The company aims for net revenues of approximately €9.0 billion by 2030, with a compounded annual growth rate of around 5%, primarily driven by sports cars and related activities [2]. - EBIT is projected to reach at least €2.75 billion in 2030, with a margin of at least 30%, supported by a strong product mix and limited-edition models [3]. - EBITDA is targeted to be at least €3.6 billion in 2030, with an EBITDA margin of at least 40%, indicating strong profitability and cash flow generation [4]. Shareholder Returns - Ferrari plans to increase the dividend payout to 40% of adjusted net profit starting from the 2025 annual results, leading to a cumulative dividend distribution of approximately €3.5 billion from 2027 to 2031 [6]. - The company will initiate a new share repurchase program of around €3.5 billion from 2026, aligned with industrial free cash flow generation [8]. Operational Insights - The company anticipates cumulative industrial free cash flow of approximately €8.0 billion over the 2026-2030 period, with capital expenditures estimated at around €4.7 billion [4][7].

Core Insights - The project aims to establish a new standard for the design, sound, and driving experience of battery-powered sports cars [1] Group 1 - The project is expected to set a benchmark for the aesthetics of battery-powered sports cars [1] - The initiative focuses on enhancing the auditory experience of electric sports cars [1] - The driving dynamics of the new battery-powered sports car are designed to redefine performance standards [1]

Summary of Ferrari's 2025 Capital Markets Day Company Overview - **Company**: Ferrari (NYSE:RACE) - **Event**: 2025 Capital Markets Day - **Date**: October 09, 2025 Key Points and Arguments Company Growth and Achievements - Since its IPO in 2015, Ferrari has invested €6.5 billion in capital expenditures, launching 41 new sports cars and doubling its workforce from approximately 3,000 to 6,000 employees [3][2] - The company has filed 883 patents since the IPO, with 144 filed in the current year, showcasing its commitment to innovation [3][2] - Ferrari emphasizes its unique identity through three dimensions: heritage, technology, and racing [4][3] Educational Initiatives - Ferrari announced the creation of the M-Tech Alfredo Ferrari educational hub in Maranello, set to open in 2029, aimed at training future engineers and technicians [5][4] Commitment to Innovation - The new Ferrari Elettrica is highlighted as a revolutionary electric vehicle that combines technology, design, and manufacturing craftsmanship [6][5] - The company aims to maintain its uniqueness through continuous innovation and commitment to its people and community [7][6] Racing and Performance - Ferrari's racing heritage is a core aspect of its identity, with a commitment to winning in Formula One and endurance racing [9][8] - The company has achieved significant success in racing, including three consecutive wins at Le Mans [9][8] Product Strategy and Market Positioning - Ferrari's product strategy focuses on creating unique models for different client needs, emphasizing a horizontal diversification approach [29][28] - The company plans to increase the number of internal combustion (IC) models to 40% by 2030, while reducing electric models to 20% [28][27] Client Engagement and Community - Ferrari has expanded its client base to approximately 90,000 active clients, a 20% increase from 2022, with 32,000 new clients acquired since then [45][44] - The company aims to enhance the client experience through personalized services and exclusive events, fostering a strong community among Ferraristi [54][53] Sustainability and Decarbonization - Ferrari is committed to sustainability, establishing a Green Dealer Award to recognize dealers achieving decarbonization goals [58][57] - The company emphasizes the importance of maintaining a balance between luxury and environmental responsibility [20][19] Future Outlook - Ferrari plans to continue launching around four new models per year, with a focus on the upcoming Ferrari Elettrica as a key addition to its product lineup [60][59] - The company aims to leverage technology neutrality to offer diverse powertrains, including IC, hybrid, and electric options, ensuring a unique driving experience for clients [62][61] Additional Important Content - Ferrari's unique business model is characterized by a high percentage of cars still in circulation, with over 90% of the 330,000 cars produced since 1947 still alive [38][37] - The company emphasizes the importance of personalization, ensuring that every car is unique to its owner [53][52] - Ferrari's commitment to training and developing its workforce is highlighted, with around 50 tailored courses offered to employees [44][43] This summary encapsulates the key points discussed during Ferrari's 2025 Capital Markets Day, reflecting the company's growth, commitment to innovation, and strategic direction in the luxury automotive market.

Electric cars will make up just 20% of the sports car model lineup by 2030 ...

Ferrari has unveiled the technology which will power its hotly-anticipated first electric car, the Elettrica, as the 78-year-old luxury Italian sportscar maker looks to add battery power to its hybrid... ...

Electric Vehicle Strategy - Ferrari scales back its electric-car plans [1] - The decision follows other automakers' retreat from the costly electric vehicle segment [1] Market Dynamics - Automakers are failing to attract customers to electric vehicles [1]