Q4 2025 Ferrari NV Earnings Call Transcript
Key Points
- Ferrari NV (RACE) achieved record financial results in 2025, with revenues surpassing EUR 7.1 billion and EBIT exceeding EUR 2.1 billion.
- The company successfully launched six new sports cars in 2025, including the highly anticipated Ferrari Luce, marking a significant step in product diversification.
- Ferrari NV (RACE) completed its share buyback plan one year ahead of schedule, demonstrating strong financial management.
- The company's industrial free cash flow generation surpassed EUR 1.5 billion, supporting increased shareholder remuneration.
- Ferrari NV (RACE) maintained a strong order book extending towards the end of 2027, indicating robust demand for its products.
- The company faces a EUR 200 million headwind from foreign exchange impacts in 2026, primarily due to the US dollar and Japanese yen.
- Ferrari NV (RACE) anticipates higher SG&A and R&D expenses in 2026, driven by brand development and racing costs.
- The phaseout of certain models, such as the Daytona SP3, may impact the product mix and volume contributions in the short term.
- The company is navigating uncertainties in the global environment, which could affect future demand dynamics.
- Ferrari NV (RACE) is managing the complexities of model changeovers and new product introductions, which could pose operational challenges.
Good day, and thank you for standing by. Welcome to the Ferrari 2025 full year results conference call and webcast. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Nicoletta Russo, Head of Investor Relations. Please go ahead.
Thank you, Nadia, and welcome to everyone who is joining us. Today, we plan to cover the group's full year 2025 operating results, and the duration of the call is expected to be around 60 minutes. Today's call will be hosted by the Group CEO, Mr. Benedetto Vigna; and Group CFO, Mr. Antonio Picca Piccon.
All relevant materials are available in the Investors section of the Ferrari corporate website. And at the end of the presentation, we will be available to answer your questions.
Before we begin, let me remind you that any forward-looking statements we might make during today's call are subject to the risks and uncertainties mentioned in the safe
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