Overview
- Shares fell roughly 14%–16% on Oct. 9, triggering a temporary halt and marking the steepest drop since its 2016 Milan listing.
- The 2030 plan targets about €9 billion in revenue, roughly 30% EBIT and at least a 40% EBITDA margin, with industrial free cash flow above €8 billion and a €7 billion dividend-and-buyback program.
- Ferrari reduced its 2030 fully electric mix target to 20% (with 40% hybrid and 40% ICE), unveiled elements of its first EV, the Elettrica, and set first deliveries for late 2026.
- Near-term guidance was raised for 2025 to at least €7.1 billion in revenue, adjusted EBITDA of at least €2.72 billion, and adjusted EPS of at least €8.80.
- Analyst reaction was divided as some flagged slower earnings growth and issued downgrades, while others cited strong demand and expressed confidence in execution.