- Oops!Something went wrong.Please try again later.
THE COMMITMENT TO UNIQUENESS, FURTHER ENRICHING THE PORTFOLIO
15 new launches between 2023 and 2026.
Over the plan period, on average, Icona and Supercar models will represent less than 5% of total volumes, Special series will be around 10%.
Purosangue to be unveiled in September 2022. Its yearly average contribution to shipments will remain below 20% over its lifecycle.
The highly awaited new Supercar will arrive within the plan period.
The first full electric Ferrari will be unveiled in 2025, as previously announced.
THREE POWERTRAINS WITH DISTINCTIVE DRIVING EMOTIONS
By 2026, the product offering will be 40% ICE, 60% hybrid and full electric.
The evolution of ICE, an essential part of the Company’s heritage, will continue.
Hybrid powertrains will continue to benefit from the technological transfer of Ferrari’s racing experience.
Electric engines will be designed, handcrafted and assembled in Maranello, to ensure a unique driving experience also derived from racing solutions.
The plan privileges revenue over volume and entails strong mix/price contribution, reaching in 2026 an EBITDA of Euro 2.5-2.7 billion with an EBITDA margin of 38%-40%.
Cumulated capital expenditures of Euro ~4.4 billion to fuel product development, of which ~75% focused on products and ~25% on infrastructures.
Consistently generating strong cumulated industrial free cash flow of Euro 4.6-4.9 billion over the 2022-2026 plan period.
Shareholders will be rewarded through a dividend pay-out increased from 30% to 35% of adjusted net income from 2022 onward and a shares repurchase program of Euro ~2 billion from now to 2026.
TAKING DELIBERATE ACTIONS TO ACHIEVE CARBON NEUTRALITY BY 2030
For Scope 1 and 2, Ferrari is implementing biomethane for the trigenerator, installing photovoltaic panels and fuel cell based systems.
For Scope 3, electrification will reduce the vehicle use phase CO2e emissions (at least -50% on average per car by 2030), additionally Ferrari is exploring solutions to reduce (at least -30% on average per car by 2030) the otherwise growing emissions of raw materials mainly related to the battery module.
Ferrari is committed to set Science based targets in line with 1.5°C pathway.
1 Please refer to public filings for complete notes and definitions of non-GAAP financial measures
2 SBTi OEMs sector policy currently under revision, Scope 3 targets subject to stricter requirements