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Gianluca Bertuzzo

Research Analyst at Intermonte

Gianluca Bertuzzo is an Equity Analyst at Intermonte SIM SpA, specializing in the automotive and industrial sectors with a focus on Italian-listed companies. He covers prominent firms such as Ferrari, GPI Group, and Piaggio, providing research notes with ratings like Neutral and target prices including 18.60 euros for GPI Group as of October 2025. Bertuzzo has been affiliated with Intermonte as a covering analyst for these companies in recent years, though specific prior career details and start dates are not publicly detailed; his contact information includes the phone +39 02 7711 5429 and email [email protected]. No performance metrics, rankings, or professional credentials such as securities licenses are available from current sources.

Gianluca Bertuzzo's questions to Ferrari (RACE) leadership

Question · Q4 2025

Gianluca Bertuzzo from Intermonte asked about the anticipated exclusivity level of the Ferrari Luce, specifically if it would be less than the Purosangue's 20%. He also inquired about the potential positive impact of India lowering tariffs and if this presents an opportunity for Ferrari to enhance its presence in that market.

Answer

Benedetto Vigna, Ferrari's CEO, identified India as a significant opportunity for growth and focus, noting that new economic deals are facilitating this, though market development will require time. Regarding the Luce's exclusivity, he declined to provide specific percentages, emphasizing the strategic importance of managing information and the multi-phase unveiling process for luxury products.

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Question · Q4 2025

Gianluca Bertuzzo asked about the exclusivity of the Ferrari Luce, inquiring if it would play a role similar to or less than the Purosangue's 20% allocation, and whether India presents a significant geographical opportunity due to lower tariffs.

Answer

CEO Benedetto Vigna stated that India is an opportunity where Ferrari intends to focus more, noting that the new economic deal between Europe and India is facilitating this, but market development will take time. Regarding the Ferrari Luce's exclusivity, he reiterated that as a luxury company, Ferrari manages information delivery at the right time, similar to how they handled the Purosangue, and did not provide specific allocation details.

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