Ferrari said Thursday it has raised its full-year guidance and narrowed its long-term ambitions, now targeting revenue of around €9 billion by 2030. The luxury automaker also projected net revenue of at least €7.1 billion for 2025, up from its prior goal of “more than €7 billion.”

Alongside revenue targets, Ferrari aims for an adjusted core profit (EBITDA) of at least €3.6 billion by 2030, driven by a premium product mix and ongoing innovation in its sports car line. The company highlighted that its future growth will rely on maintaining brand exclusivity while expanding offerings.

The stock was halted from trading on the Milan exchange and was last reported down about 11.4%, as investors digested the new guidance and assessed whether Ferrari’s revised goals match market expectations. Some analysts viewed the leap to €9 billion in sales as ambitious in light of competition and macro uncertainties.

The move underscores Ferrari’s commitment to long-term growth, even amid structural challenges such as slowing demand in certain regions, evolving emissions regulations, and the electrification transition. The company plans to balance its traditional internal combustion engine vehicles, hybrids, and fully electric models through 2030.

For 2025, Ferrari also confirmed that it expects continued growth in its core business, anchoring its near-term performance on strength in key markets, carefully managed margins, and disciplined capital allocation aligned with its long-term vision.

Source: Reuters.