Growing results for Ferrariwhich closed the 1st quarter with single-digit increase in revenues and profitability, in line with the trajectory outlined by the 2026 guidance and supported by all business dimensions, despite the difficult geopolitical context. Results that benefit from the enrichment of the product portfolio and the demand for “customizations” and which were achieved in view of the highly anticipated launch of the Ferrari Luce.
“The further enriched product mix and the constant demand for customization have contributed to the solid results we present today,” said Ferrari CEO Benedetto Vigna, adding “with these performances and with an order book that extends further towards the end of 2027, we confirm our guidance for 2026”.
“Just twenty days after the world premiere of the Ferrari Luce, the anticipation has never been so high”, added Vigna, recalling that the new sports car from the Maranello company “combines many extraordinary technologies and the passion of many people” and “is proof of how tradition and innovation can merge to create something unique”.
The numbers for the 1st quarter
La Rossa di Maranello closed the first quarter of the year with net revenues of 1.848 billion euros, an increase of 3% compared to the previous year (+6% at constant exchange rates). Revenues from Automobiles and spare parts were above Euro 1.5 billion, up 1%.
EBITDA rose to 722 million, with an EBITDA margin of 39.1%, up 4% compared to the previous year (+9% at constant exchange rates). Operating profit (EBIT) stood at 548 million, with a margin of 29.7% and an increase of 1% compared to the previous year (+8% at constant exchange rates).
The quarter closed with a net profit of 413 million euros and a diluted earnings per share (EPS) of 2.33 euros.
Industrial free cash flow of 653 million euros increased by 5% compared to the previous year. The very solid generation of industrial free cash flow was supported by profitability, collection and payment times and the positive net effect of advances, partly offset by capital expenditure of 253 million.
Guidance 2026 confirmed
The Prancing Horse company also confirmed the 2026 Guidance, which is based on the current visibility of the impact of the crisis in the Middle East. Net revenues are expected to be around 7.5 billion euros, compared to 7.15 billion in 2025.
Adjusted EBITDA is expected to be equal to or greater than 2.93 billion (39% margin), versus 2.77 billion (38.8% margin) in 2025. Adjusted EBIT is expected to be equal to or greater than 2.22 billion (29.5% margin), while diluted EPS is expected to be 9.45 euros per share.
Industrial free cash flow is expected to be equal to or greater than 1.5 billion, stable compared to 2025.
