Accelerating Towards an Electric Future: Ferrari's Ambitious 2030 Vision and Enhanced Shareholder Value
Ferrari's Revised Financial Outlook for the Near Term
Ferrari N.V. has adjusted its financial expectations for 2025, signaling increased confidence in its performance. The luxury sports car manufacturer now projects revenues to reach or exceed 7.1 billion euros, a modest but notable increase from its earlier forecast. Similarly, adjusted EBITDA is anticipated to be at least 2.72 billion euros, and adjusted earnings per share are set to climb to 8.80 euros or higher. These updated figures reflect the company's steady growth trajectory and robust market position.
Achieving Ambitious Margins and Revenue by 2030
Looking further ahead to 2030, Ferrari has set an aggressive target for net revenues, aiming for approximately 9.0 billion euros. This projection implies a compound annual growth rate of about 5%, primarily fueled by its thriving sports car division and associated business ventures. A key strategic objective is to achieve an EBITDA of at least 3.6 billion euros by the end of the decade, translating into an impressive EBITDA margin of no less than 40%. The company also forecasts a cumulative industrial free cash flow of roughly 8.0 billion euros from 2026 to 2030, which will be partially balanced by substantial capital expenditures of around 4.7 billion euros and various operational adjustments.
Strengthening Shareholder Returns and Capital Allocation
In a move to reward its investors, Ferrari is enhancing its shareholder return program. Starting with its 2025 financial results, the company plans to increase its dividend payout ratio to 40% of adjusted net profit. This initiative is expected to distribute a total of 3.5 billion euros in dividends between 2027 and 2031. Concurrently, Ferrari will launch a new share repurchase program valued at 3.5 billion euros, which will run from 2026 until the conclusion of its current strategic plan period, further demonstrating its commitment to delivering value to shareholders.
Innovation in Product Lineup and Electrification Strategy
Ferrari's product development strategy remains dynamic and forward-looking. Since 2022, the company has successfully introduced 14 out of its 15 planned models. For the period between 2026 and 2030, Ferrari plans an average of four new model launches annually. A significant component of this strategy is the shift towards electrification: by 2030, the portfolio is expected to comprise 40% internal combustion engines, 40% hybrid vehicles, and 20% fully electric vehicles. The company has already showcased the chassis and powertrain for its first all-electric model, the Ferrari Elettrica, with deliveries slated to commence in late 2026. This transition aligns with its expanding customer base, which has seen over 32,000 new clients since 2022, alongside a growing engagement from collectors.
Commitment to Sustainability, Engine Advancement, and New Infrastructures
Ferrari is also making significant strides in its operational and environmental sustainability efforts. The Maranello-based manufacturer intends to refine its V6, V8, and V12 engines, focusing on boosting power output and adapting them for alternative fuels to meet evolving global regulations. The company has reaffirmed its goal to achieve at least a 90% reduction in Scope 1 and 2 emissions by 2030, while maintaining carbon neutrality. Furthermore, it has updated its target to reduce absolute Scope 3 emissions by at least 25% by 2030, relative to 2024 levels, through initiatives like using recycled aluminum in components and fostering supply chain collaborations. To support its electrification goals, Ferrari has opened its dedicated "e-building" in Maranello for in-house production of key electric components. Future expansion plans include establishing new bespoke centers in Tokyo and Los Angeles, along with a new paint shop, all scheduled for completion by 2027.