Ferrari(US:RACE) Globenewswire·2025-10-09 09:47Core 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].