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 ...

Core Insights - Ferrari has introduced the technology for its first electric car, the Elettrica, marking a significant step in the company's transition to battery power alongside its hybrid offerings [1] Company Developments - The unveiling of the Elettrica's technology highlights Ferrari's commitment to innovation and sustainability in the luxury sports car market [1] - This move is part of Ferrari's broader strategy to integrate electric power into its product lineup, reflecting industry trends towards electrification [1] Industry Trends - The introduction of electric vehicles (EVs) by luxury brands like Ferrari indicates a shift in consumer preferences and regulatory pressures towards more sustainable automotive solutions [1] - The competition in the electric vehicle market is intensifying, with established luxury brands investing heavily in EV technology to meet evolving market demands [1]

Core Insights - Ferrari's shares dropped over 16% due to disappointment with its new long-term financial targets, resulting in a loss of approximately 13.5 billion euros ($15.67 billion) in market capitalization [1][2][3] Financial Targets - The company set a revenue target of 9 billion euros for 2030, which is an increase from the 7.1 billion euro forecast for this year, but it is considered less ambitious than market expectations [2][4] - Analysts noted that Ferrari's new 2030 guidance falls below both Citi and consensus expectations, contributing to the negative market reaction [4] Electrification Strategy - Ferrari has revised its electrification strategy, now aiming for a 2030 lineup consisting of 40% internal combustion engine (ICE) models, 40% hybrids, and 20% fully electric vehicles, a shift from the previous plan that targeted 40% EVs, 40% hybrids, and 20% ICE models [4] - The company plans to launch an average of four new models per year between 2026 and 2030, maintaining a steady rhythm to stimulate interest among wealthy clients [6] Electric Vehicle Development - The unveiling of the technology behind Ferrari's first electric car, the Elettrica, marks a significant milestone for the company in the transition to electric vehicles [3][6] - CEO Benedetto Vigna indicated that a second Ferrari EV could be expected within the 2030 plan, although sources suggest that it may not launch before 2028 due to weak demand for high-performance electric luxury cars [5]

Core Viewpoint - Ferrari plans to maintain petrol and hybrid models as the core of its lineup, with fully electric vehicles (EVs) expected to represent only 20% of its range by 2030 [1] Group 1 - The company emphasizes the continued importance of traditional combustion engines in its product offerings [1] - Ferrari's strategy reflects a cautious approach to the transition towards electrification in the luxury sports car market [1] - The decision to limit EVs to 20% of the lineup indicates a focus on preserving brand identity and performance characteristics associated with petrol and hybrid models [1]

Core Insights - Ferrari presented its 2030 Strategic Plan, emphasizing continuous innovation, product diversification, and a commitment to sustainability and education [4][5][39]. Group 1: Product Strategy - The company plans to launch an average of four new car models per year from 2026 to 2030, with a product line-up consisting of approximately 40% internal combustion engines (ICE), 40% hybrids, and 20% electric vehicles by 2030 [6][13]. - The introduction of the Ferrari elettrica marks a significant addition to the product range, designed to deliver exceptional driving experiences while maintaining the brand's unique philosophy [14][24]. - The breadth of the model line-up, tailored to various client needs, is a competitive advantage, allowing for a horizontal product diversification strategy while preserving exclusivity [15][22]. Group 2: Client Engagement - Ferrari has seen a 20% increase in active clients, reaching 90,000, with a notable acquisition of approximately 32,300 new clients since 2022 [20]. - The company is enhancing its client experience through the opening of new Tailor Made centers in Tokyo and Los Angeles, as well as flagship stores in London and New York [16][32]. - The brand's dual nature of inclusivity and exclusivity is reflected in its lifestyle offerings, which aim to engage a wide audience, from 180,000 Ferraristi to over 400 million tifosi [30]. Group 3: Sustainability Initiatives - Ferrari has reduced its Scope 1 and 2 greenhouse gas (GHG) emissions by approximately 30% from 2021 to 2024, with a target to achieve at least a 90% reduction by 2030 [33][34]. - The company aims to cut Scope 3 emissions by at least 25% in absolute terms by 2030 compared to 2024, reflecting its commitment to continuous improvement in sustainability [35][36]. - Investments in new materials, such as recycled aluminum, are part of Ferrari's strategy to lower environmental impact and enhance sustainability [28][38]. Group 4: Educational Commitment - The M-TECH Alfredo Ferrari initiative will be established in Maranello as an advanced technical training center, aimed at inspiring the next generation of technicians and engineers [39][40][41]. - This educational project is a collaboration between Ferrari, Fondazione Agnelli, and local government entities, reinforcing the company's commitment to community and innovation [40][41].

Ferrari's Strategic Direction - Ferrari aims to audaciously redefine the limits of what's possible [12] - The company is committed to progress [9] - Ferrari delivered on its promises, reaching financial targets and progressing in sustainability [28, 31] - The company plans to launch an average of 4 models per year between 2026 and 2030 [166] Product Line-up and Technology - By 2030, the sports car model line-up will consist of approximately 40% ICE (Internal Combustion Engine), 40% Hybrid, and 20% Electric models [53] - Ferrari is developing strategic components in-house, including electric engines, E-Axles, and high-voltage batteries [88, 89] - The company is adding the Ferrari Eletrica to its range line-up [117] Client Focus and Experiences - Ferrari has approximately 90,000 active clients, a 20% increase versus 2022 [102, 103] - New clients to the brand since 2022 total +32,300 [105] - The average number of cars in collectors' garages has increased by 20% compared to 2022 [107] - 100% of clients' cars are unique, reflecting Ferrari's personalization programs [140] - Approximately 330,000 Ferraris ever produced are still existing, with over 90% still in existence [82]

Core Insights - The article emphasizes the importance of conducting thorough due diligence before making any financial decisions, particularly in the context of investments and trading activities [1] Group 1 - The content includes general news and personal analysis intended for educational and research purposes [1] - It highlights that the information provided may not be accurate or in real-time, and prices may be sourced from market makers rather than exchanges [1] - The article warns that trading decisions should be made at the individual's full responsibility, and reliance on the information provided is discouraged [1] Group 2 - The website discusses complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1] - It encourages individuals to perform their own research and understand the risks involved before investing in any financial instruments [1] - The content does not constitute any recommendation or advice for taking specific actions, including investments or purchases [1]