Ferrari closed the third quarter of the year with solid growth in results, also confirming the guidance revised upwards on the occasion of the recent Capital Market Day and the interest in innovation and sustainable mobility.
“We continue on our development path with conviction and strong visibility,” says Ferrari CEO Benedetto Vigna, adding “at the Capital Markets Day we defined a clear trajectory in the long-term interest of our brand, laying the foundations for sustainable growth in 2030”.
A very positive indication for Ferrari shares, listed on Piazza Affari, which have kicked into gear and are in pole position in the FTSE MIB basket with an increase of 2.77%.
Electric Ferrari, source of innovation
“On the product front, we continue to offer our customers maximum freedom of choice in terms of propulsion“
he added.
“As leaders, we take on the responsibility of demonstrating that our interpretation of electric technology, expressed by Ferrari Elettrica, will once again be a source of innovation.”
The numbers for the third quarter
The third quarter closed with net revenues of 1,766 million euros, up 7.4% compared to the previous year, while total deliveries amounted to 3,401 units (+1%).
Operating profit (EBIT) reached 503 million, an increase of 7.6% compared to the previous year, with an EBIT margin of 28.4%, while EBITDA amounted to 670 million, an increase of 5% compared to the previous year, with an EBITDA margin of 37.9%. Net profit stood at 382 million, with an increase of 2%, and diluted earnings per share at 2.14 euros, with an increase of 3%.
Solid industrial free cash flow generation of 365 million euros. Net industrial debt at 30 September 2025, equal to 116 million euros, compared to 338 million at 30 June 2025, also reflects the buyback of treasury shares for Euro 132 million.
Guidance 2025 revised upwards
During the Capital Markets Day on 9 October, the Maranello company had revised its 2025 guidance upwards, taking into account the greater contribution of the product mix and customisations, lower industrial costs despite higher US duties, a greater negative impact of exchange rates and greater generation of industrial free cash flow.
The new targets for the current year indicate net revenues equal to or greater than 7.1 billion euros compared to the approximately 7 billion indicated previously, Adjusted EBITDA equal to or greater than 2.72 billion from 2.68 billion, Adjusted EBIT to 2.06 billion from 2.03 billion and diluted earnings per share equal to or greater than 8.80 euros from 8.60 euros.
