Ferrari is getting ready the landmark launch of its first totally electrical automobile in October, the luxurious sports activities automobile maker mentioned on Tuesday, whereas focusing on a rise of at the least 5% in revenues and core earnings this yr.
Breaking its custom for roaring petrol engines, Ferrari’s much-awaited EV might be showcased at a capital markets day on Oct. 9, on the firm’s Maranello base in Italy, CEO Benedetto Vigna mentioned.
That’s on the very starting of the fourth quarter, the interval Ferrari has repeatedly flagged for the launch.
Vigna declined to supply particulars concerning the mannequin, past saying it will be launched “in a unique and innovative way.”
The EV might be one in all six new fashions the corporate plans to roll out this yr, Vigna mentioned, including its plans wouldn’t be affected by the insurance policies of the Trump administration in the US or by the chance of a commerce battle.
Ferrari began providing its rich shoppers hybrid fashions in 2019.
Hybrids made up 51% of its automobile gross sales final yr.
The Italian firm on Tuesday forecast its earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) would enhance to at the least 2.68 billion euros ($2.77 billion) in 2025, from 2.56 billion euros in 2024.
Milan-listed shares within the firm have been up 7.6%.
‘Robust growth’
Demand for private touches on vehicles, a powerful product combine and pricing energy drove a 12% enhance in 2024 EBITDA.
“On these solid foundations, we expect further robust growth in 2025,” Vigna mentioned, including this could enable Ferrari to fulfill one yr upfront the high-end of most of its profitability targets set for 2026.
Ferrari consumers typically add particular person touches to their vehicles at additional value, primarily relating to color, livery and use of carbon.
They amounted to round 20% of complete revenues final yr, versus 19% in 2023, CFO Antonio Picca Piccon mentioned, including the corporate noticed the same stage in 2025.
A rise in deliveries to US shoppers additionally supported the 2024 end result.
However there aren’t any plans to speed up shipments there to attempt to get forward of potential tariffs, Vigna mentioned.
Ferrari, which final yr delivered 13,752 vehicles, 89 greater than in 2023, presently units a cap of 10% on deliveries to China.
Vigna mentioned China, the place EVs are extremely standard, may present a chance for the brand new EV mannequin, additionally as a consequence of decrease taxes there than on petrol automobiles.
Any deliberate change to Ferrari’s gross sales cap coverage in China can be communicated on the capital markets day in October.
($1 = 0.9687 euros)
