STRONG PERFORMANCE IN 2025 SETS THE FOUNDATION FOR CONTINUED GROWTH IN 2026
MWN-AI** Summary
Ferrari N.V. (NYSE/EXM: RACE) announced strong financial results for the year ending December 31, 2025, showcasing solid growth that sets the stage for continued expansion in 2026. With net revenues reaching €7,146 million, representing a 7% increase from the previous year, the company demonstrated resilience and effective management of its volume strategy. Operating profit (EBIT) rose to €2,110 million, up 12%, and the EBIT margin improved to 29.5%, an increase of 120 basis points, reflecting Ferrari's commitment to maintaining its premium brand positioning.
Net profit for the year was €1,600 million, leading to a diluted earnings per share (EPS) of €8.96, underscoring the company’s robust financial health. The EBITDA figure also registered impressive growth, climbing 8% to reach €2,772 million, with an EBITDA margin of 38.8%. Additionally, Ferrari reported a substantial 50% rise in industrial free cash flow, totaling €1,538 million, indicating strong cash generation capabilities.
Looking ahead, Ferrari has set an ambitious guidance for 2026, targeting approximately €7.50 billion in revenues and an EBITDA margin of 39.0%. This growth is anticipated to be driven by an improved product mix, which continues to attract discerning customers, alongside ongoing personalization options and sponsorship initiatives. CEO Benedetto Vigna highlighted the stringent management of demand reflective of Ferrari’s exclusive model, with an order book extending into late 2027. The company remains committed to progressive innovation, retaining its unique identity while preparing for future challenges and opportunities.
Overall, Ferrari's strong performance in 2025 has laid a solid foundation for growth well into 2026, reinforcing its stature as a leader in the luxury automobile market.
MWN-AI** Analysis
Ferrari N.V. has exhibited impressive financial performance for the year 2025, signaling a robust foundation for continued growth in 2026. With net revenues of €7.146 billion, up 7% from the previous year, and an operating profit (EBIT) that surged 12% to €2.110 billion, Ferrari has reaffirmed its strong market position and strategic execution. The EBIT margin has expanded to 29.5%, providing a clear indication of operational efficiency and profitability.
The positive trajectory is further supported by a healthy EBITDA margin of 38.8% and a striking industrial free cash flow increase of 50%, reaching €1.538 billion. This showcases effective cash-generating capabilities, which are essential for future investments and shareholder returns. The growth in EBITDA and significant profit margins reflects Ferrari's strategic focus on high-value products and personalized services while maintaining exclusivity.
Importantly, Ferrari's outlook for 2026 is promising, targeting revenues of approximately €7.50 billion and a further enhancement in EBITDA margins to 39.0%. The reported strength of the order book, extending towards the end of 2027, underscores the sustained demand for Ferrari vehicles, even in a competitive market. Such demand, coupled with disciplined supply management, indicates a resilient business model that capitalizes on brand prestige.
In light of these results, investors should closely consider the growth potential of Ferrari's stock. The positive financial indicators, coupled with strong market demand and a strategic emphasis on high-margin products, support a bullish outlook. As Ferrari continues to execute its value-driven strategy, maintaining an eye on brand exclusivity and operational efficiency, the company could deliver substantial returns for its shareholders in 2026 and beyond. Investing in Ferrari appears promising, with the potential for both capital appreciation and dividend growth.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
STRONG PERFORMANCE IN 2025 SETS THE FOUNDATION FOR CONTINUED GROWTH IN 2026
- Net revenues of Euro 7,146 million, up 7% versus prior year
- Operating profit (EBIT) of Euro 2,110 million, up 12% versus prior year, with Operating profit (EBIT) margin of 29.5%
- Net profit of Euro 1,600 million and diluted EPS at Euro 8.96
- EBITDA of Euro 2,772 million, up 8% versus prior year, with EBITDA margin of 38.8%
- Industrial free cash flow of Euro 1,538 million, up 50% versus the prior year
- 2026 guidance targeting Euro ~7.50 billion revenues and 39.0% EBITDA margin, supported by strong product mix
Maranello (Italy), February 10, 2026 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary unaudited results for the fourth quarter and twelve months ended December 31, 2025.
“In 2025, Ferrari confirmed the strength of its carefully-managed volume strategy, pursuing value” said Benedetto Vigna, CEO of Ferrari. “Our remarkable financial performance – with revenues up 7% to over Euro 7.1 billion, an EBIT margin up 120 basis points to 29.5%, and industrial free cash flow surpassing Euro 1.5 billion – was sustained by product mix, personalizations and sponsorships. Demand for Ferrari remains very solid and is managed with discipline in every market reflecting our exclusivity model: our order book extends towards the end of 2027. We remain true to our identity: forward-looking and defined by our will to progress”.
| For the three months ended | (In Euro million, | For the twelve months ended | ||||||
| December 31, | unless otherwise stated) | December 31, | ||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | |||
| 3,152 | 3,325 | (173) units | Shipments (units) | 13,640 | 13,752 | (112) units | ||
| 1,802 | 1,736 | 66 | 4% | Net revenues | 7,146 | 6,677 | 469 | 7% |
| 513 | 468 | 45 | 10% | Operating profit (EBIT) | 2,110 | 1,888 | 222 | 12% |
| 28.5% | 27.0% | 150 bps | Operating profit (EBIT) margin | 29.5% | 28.3% | 120 bps | ||
| 381 | 386 | (5) | (1%) | Net profit | 1,600 | 1,526 | 74 | 5% |
| 2.14 | 2.14 | - | - | Basic EPS (in Euro) | 8.97 | 8.47 | 0.50 | 6% |
| 2.14 | 2.14 | - | - | Diluted EPS (in Euro) | 8.96 | 8.46 | 0.50 | 6% |
| 700 | 643 | 57 | 9% | EBITDA | 2,772 | 2,555 | 217 | 8% |
| 38.8% | 37.0% | 180 bps | EBITDA margin | 38.8% | 38.3% | 50 bps | ||
| 321 | 221 | 100 | 46% | Free Cash Flow from Industrial Activities | 1,538 | 1,027 | 511 | 50% |
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FAQ**
How does Ferrari N.V. RACE plan to sustain its strong revenue growth of 7% in 2025 while targeting Euro ~7.50 billion in revenues for 2026?
With an operating profit margin increase to 29.5%, what specific strategies did Ferrari N.V. RACE implement to enhance profitability and maintain its exclusivity model?
What factors contributed to an impressive 50% increase in industrial free cash flow for Ferrari N.V. RACE, and how will this impact future investments?
Given the continued solid demand and an order book extending into 2027, how does Ferrari N.V. RACE intend to manage production and product mix for the upcoming years?
**MWN-AI FAQ is based on asking OpenAI questions about Ferrari N.V. (NYSE: RACE).
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