Overview
- Net revenues rose more than 7% year over year with net profit at €382 million for the quarter, topping expectations.
- Ferrari now guides to at least €7.1 billion in 2025 net revenues, adjusted EBITDA above €2.72 billion with a margin above 38.3%, and adjusted EPS of at least €8.80.
- Operational metrics showed shipments up 1% to 3,401 units, cars and spare parts revenue up 6%, sponsorship and brand revenue up 21%, and adjusted EBITDA of €670 million with margin at 37.9% after an 87-basis-point decline.
- As of September 30, cash and equivalents stood at €1.42 billion and net industrial debt improved to €116 million.
- Shares rose roughly 2.5%–3.1% after the update as CEO Benedetto Vigna described the strategy as a marathon and highlighted progress toward the Elettrica and a 40/40/20 ICE–hybrid–BEV mix for 2030, following a 15% drop on Oct. 9 tied to earlier long-term guidance.