Ferrari Gets Amped for an Electric Ride
When the European Union rolled out its 2035 ban on new petrol and diesel cars, most sports‑car giants got nervous. But Ferrari—the Italian icon with the prancing horse—treated the regulation like a super‑charged upgrade.
Key Takeaways
- Ferrari will launch its first fully electric model in 2025.
- CEO‑in‑waiting Benedetto Vigna will spearhead collaborations to make the electric shift smoother.
- Quarterly results show a triple‑fold jump in adjusted EBITDA, hitting €386 million.
- Company earnings guidance for the year has been lifted, but revenue predictions stayed steady.
- Shares dipped 3.45% after the earnings crescendo, closing down 1.9%.
What John Elkann Says
“We see the regulation as welcome,” John Elkann, Ferrari’s chairman and interim CEO, told analysts on Monday. “It presents a golden opportunity for electrification, electronics, and everything else that’s coming our way.”
He also hinted that the company will lean into strategic partnerships—just like its integration with Daimler’s Yasa team—to stay ahead of the competition. “We’re going to benefit a lot from inside and outside the auto industry,” Elkann added.
Financial Highlights
Adjusted core earnings (EBITDA) for Q2 surged to €386 million, outpacing the market consensus of €373 million. Ferraris’ industrial free cash flow guidance rose to around €450 million from the previous €350 million estimate.
Despite the strong performance, Citi analysts flagged that unchanged earnings guidance might squeeze margins later in the year.
The Electric Road Ahead
Ferrari’s move to electric isn’t just about sustainability—it’s a commitment to staying the top dog in high‑performance cars. By embracing electric powertrains, the brand is reinventing its legacy of roaring engines for a greener, tech‑savvy future.
