Ferrari CEO Says Guidance Plan Is Ambitious

Financial Performance & Targets - Ferrari targets approximately 5% annual revenue growth until 2030 [1] - The company anticipates €8 billion in free cash flow over five years [4] - Shareholder returns are projected to be around €7 billion, split between dividends and buybacks [4] - Margin expectations are around 43-45%, with a forecast to consistently exceed 40% [6] Strategic Direction & Product Offerings - Ferrari aims to maintain the exclusivity of its supercar models, limiting them to no more than 5% of the total production [8] - The company initially lowered its EV target to 20% of the lineup by 2030, emphasizing customer choice between electric, hybrid, and internal combustion engines [12][13] - Ferrari is reintroducing physical buttons alongside digital interfaces ("Phygital") based on customer feedback [16][17] Market & Regional Focus - Ferrari aims to keep sales in mainland China, Taiwan, and Hong Kong below 10% of its total sales [21] - The company is adjusting its product offerings to better suit the Chinese market, including models with smaller engines to avoid taxes [22]