Ferrari’s shares fell 15% on Thursday on disappointment over the luxury carmaker’s new long-term financial targets, taking the shine off the unveiling of the technology behind its first electric car.The share price drop wiped 13.5 billion euros ($15.67 billion) from Ferrari’s market capitalization.The automaker set a revenue target of 9 billion euros ($10.4 billion) for 2030, an increase on its 7.1 billion euro forecast for this year, but a less ambitious figure than the market had been hoping for. 5 Ferr ...

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.

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 - Ferrari is recognized for producing high-quality vehicles and has a strong ultraluxury brand image, combining Formula One performance with Italian design [1] - The company is preparing to launch its first fully electric vehicle (EV), the Elettrica, in 2026, while already having a significant portion of its portfolio electrified with hybrids [2][6] - Ferrari's exclusivity and collector-focused production strategy allow it to maintain high pricing, with models like the F80 selling for nearly $4 million and already sold out [4][6] Company Performance - In the first half of 2025, Ferrari's shipments consisted of 55% internal combustion engine (ICE) vehicles and 45% hybrids, indicating a strong electrification strategy [3] - The company has consistently launched 15 models every four years since 2018, showcasing its commitment to innovation and technology [5] - Ferrari's operating margins are significantly higher than those of its competitors, reflecting its strong brand image and pricing power [7]