Sign in

Ferrari (RACE)

Ferrari N.V. (RACE) is a globally renowned luxury brand specializing in the design, engineering, and manufacturing of high-performance sports cars. The company is committed to exclusivity, offering a range of internal combustion engine (ICE) and hybrid models, as well as limited-edition and track-only cars. Beyond automobiles, Ferrari extends its brand into motorsports, lifestyle products, and financial services, maintaining its heritage and exclusivity while catering to a global clientele.

  1. Cars and Spare Parts - Manufactures and sells luxury sports cars, personalization options, and spare parts, focusing on exclusivity and high performance.
  2. Sponsorship, Commercial, and Brand - Generates revenue through Formula 1 sponsorships, commercial agreements, and brand-related activities such as licensing, merchandising, and fashion collections.
  3. Other - Includes financial services, management of the Mugello racetrack, and engine rentals to other Formula 1 teams.

You might also like

NamePositionExternal RolesShort Bio

Antonio Picca Piccon

ExecutiveBoard

Chief Financial Officer

Board of Directors of Fiat Group Automobiles; Board of Directors of Magneti Marelli; Board of Directors of Maserati; Board of Directors of Teksid

Antonio Picca Piccon has been Ferrari’s Chief Financial Officer since July 2018, where he oversees the company’s financial operations. He previously served as CFO at Ariston Thermo Group starting in November 2014 and held several senior roles at Fiat and FCA, as well as board memberships at various companies.

Benedetto Vigna

ExecutiveBoard

Chief Executive Officer (CEO)

Benedetto Vigna is the CEO of Ferrari N.V. since September 16, 2021 and was confirmed as an Executive Director on April 14, 2023, having previously held significant roles in the semiconductor industry.

View Report →

John Elkann

ExecutiveBoard

Executive Chairman

Chairman of Stellantis N.V.; Chairman of GEDI Gruppo Editoriale S.p.A.; Board Member of Meta; Trustee of MoMA; Member of JP Morgan International Council; Member of Allianz International Advisory Board

John Elkann has served as Executive Chairman of RACE since April 12, 2019 and as Executive Director since April 15, 2016, playing a pivotal role in steering the company. He is also active on the Board and ESG Committee.

Alfonso Fuggetta

Executive

Chief Digital Transformation Officer

Alfonso Fuggetta is the Chief Digital Transformation Officer at Ferrari since November 2024, with extensive experience in academia and digital innovation including a previous role as CEO and Scientific Director at Cefriel from 2003 to 2024. His background in research and teaching further underscores his contributions to digital transformation.

Andrea Antichi

Executive

Chief Manufacturing Officer

Andrea Antichi is the Chief Manufacturing Officer at Ferrari (RACE) since January 2022, having formerly served as Head of Vehicle from June 2018 and held key roles in engine assembly and process engineering at the company.

Angelo Pesci

Executive

Chief Purchasing & Quality Officer

Angelo Pesci has been the Chief Purchasing & Quality Officer at Ferrari N.V. (RACE) since January 2022, and he previously held various leadership roles at STMicroelectronics while earning his MBA from SDA Bocconi and a master's degree in Physics from the University of Trieste.

Carlo Daneo

Executive

General Counsel

Member of the Board of Directors of Ferrari North America Inc.; Member of the Supervisory Body of Ferrari S.p.A.; Data Protection Officer of the Ferrari Group

Carlo Daneo is the General Counsel of Ferrari N.V. since July 2015. He has held additional roles including serving as a board member for Ferrari North America Inc. since February 2017, as a member of the Supervisory Body of Ferrari S.p.A. since August 2015, and as Data Protection Officer for the Ferrari Group since February 2018.

Davide Abate

Executive

Chief Technologies and Infrastructures Officer

Davide Abate has been the Chief Technologies and Infrastructures Officer at RACE since January 2022. He previously served as Head of Technologies from October 2020, and as Head of Prototype Construction from 2017 to 2020.

Enrico Galliera

Executive

Chief Marketing and Commercial Officer

Enrico Galliera has served as the Chief Marketing and Commercial Officer at Ferrari (RACE) since April 2010, overseeing the company's marketing and commercial strategies. Previously, he held multiple senior roles at Barilla S.p.A., significantly contributing to its growth.

Ernesto Lasalandra

Executive

Chief Research & Development Officer

Ernesto Lasalandra has served as Chief Research & Development Officer at Ferrari since January 2022. He was previously Group VP R&D General Manager at STMicroelectronics, where he advanced through roles in product development and R&D over several decades.

Flavio Manzoni

Executive

Chief Design Officer

Flavio Manzoni has served as Chief Design Officer at Ferrari (RACE) since January 2010, with previous design leadership roles at Volkswagen Group and Fiat Group.

Francesca Montini

Executive

Chief Communications Officer

Francesca Montini is the Chief Communications Officer since April 2023 and previously served as Head of Brand and Corporate Communications since January 2018.

Frédéric Vasseur

Executive

Scuderia Ferrari Team Principal & General Manager

Frédéric Vasseur has served as the Scuderia Ferrari Team Principal & General Manager at RACE since January 9, 2023. He has an extensive background in motorsport management, having previously been Team Principal of Renault and Managing Director of the Sauber Group.

Gianmaria Fulgenzi

Executive

Chief Product Development Officer

Gianmaria Fulgenzi is the Chief Product Development Officer at Ferrari since January 2022. He previously served as Head of GeS Supply Chain from March 2019 to January 2022.

Lorenzo Giorgetti

Executive

Chief Racing Revenue Officer

Board Member at Global Esports Federation

Lorenzo Giorgetti has been serving as the Chief Racing Revenue Officer since February 2023, focusing on revenue generation from Ferrari’s racing operations. Previously, he held key commercial roles at AC Milan and RCS Media Group and is currently a Board Member of the Global Esports Federation.

Marco Lovati

Executive

Chief Internal Audit, Risk and Compliance Officer

Marco Lovati has been the Chief Internal Audit, Risk and Compliance Officer at Ferrari since December 2023, and previously served as Chief Internal Audit Officer since April 2015 and as a member of the Supervisory Body since July 2014.

Maria Carla Liuni

Executive

Chief Brand Officer

Maria Carla Liuni is the Chief Brand Officer at Ferrari since September 2022 and is responsible for enhancing the brand's strategic positioning. She has extensive experience from senior roles at Pandora, Bulgari, and Procter & Gamble.

Michele Antoniazzi

Executive

Chief Human Resources Officer

Chief Human Resources Officer at Ferrari since April 2016, previously served in senior HR roles at Magneti Marelli.

Adam Keswick

Board

Non-Executive Director

Director of Hongkong Land; Director of Mandarin Oriental; Director of Yabuli China Entrepreneurs Forum

Adam Keswick has served as a non-executive director at Ferrari N.V. (RACE) since April 15, 2016, bringing extensive leadership experience from roles at Jardine Matheson Group, Rothschild & Co, and others. He is recognized for his significant contributions to corporate governance and strategy, enhancing Ferrari’s board expertise.

Delphine Arnault

Board

Non-Executive Director

President and CEO of Christian Dior Couture; Board Director at LVMH Moët Hennessy Louis Vuitton SE; Board Member at Château Cheval Blanc; Board Member at Loewe; Board Member at Pucci; Board Member at Céline; Board Member at Christian Dior SE; Board Member at Gagosian; Board Member at Phoebe Philo Limited

Delphine Arnault has served as a Non-Executive Director at Ferrari N.V. (RACE) since her initial appointment on April 15, 2016 with a current term beginning on April 17, 2024. She brings extensive leadership experience from the luxury sector, including her role as President and CEO of Christian Dior Couture since February 2023, along with multiple board positions across prestigious brands.

Eddy Cue

Board

Non-Executive Director

Apple Senior Vice President of Services; Board of Trustees of Paley Center for Media; Board of Trustees of Duke University

Eddy Cue has served as a non-executive director at Ferrari N.V. (RACE) since January 2, 2016. He is also Apple's Senior Vice President of Services since 1989, contributing to major platforms like the iTunes Store and App Store.

Francesca Bellettini

Board

Non-Executive Director

Deputy Chief Executive Officer of Kering since July 2023; President and Chief Executive Officer of Yves Saint Laurent since September 2013

Francesca Bellettini is a non-executive director at Ferrari N.V. (RACE), with her current term having started on April 17, 2024. She brings extensive luxury industry expertise from her roles as Deputy Chief Executive Officer of Kering since July 2023 and President and Chief Executive Officer of Yves Saint Laurent since September 2013.

John Galantic

Board

Non-Executive Director

CEO of Tod's S.p.A.; Operating Partner at Advent International; Member of the Board of Directors of Bacardi Limited; Member of the Board of Directors of Chanel Ltd.

John Galantic is a Non-Executive Director at Ferrari N.V. (RACE), initially appointed on April 16, 2020 and serving his current term since April 17, 2024. He has held several executive and board roles at other companies, including CEO of Tod's S.p.A. and Operating Partner at Advent International.

Maria Patrizia Grieco

Board

Non-Executive Director

Member of the Board of Directors at Amplifon

Maria Patrizia Grieco has been serving as a Non-Executive Director at Ferrari since April 15, 2016. She brings extensive board experience, including her role at Amplifon.

Mike Volpi

Board

Non-Executive Director

General Partner at Index Ventures

Mike Volpi serves as a Non-Executive Director at Ferrari N.V. (RACE) since April 14, 2023. He is a General Partner at Index Ventures since 2009 and has held leadership roles at Cisco Systems, Ericsson, and Fiat Chrysler Automotive.

Piero Ferrari

Board

Vice Chairman and Non-Executive Director

Chairman of HPE-COXA; Board Member and Vice President of Ferretti Group

Piero Ferrari has been an influential figure at Ferrari since 1988, and he currently serves as Vice Chairman and Non-Executive Director, with his present term on the board commencing on April 17, 2024. He is also recognized for his independent role on the board and for holding multiple leadership positions outside of Ferrari.

Sergio Duca

Board

Chairman of the Board of Directors

Member of the Statutory Auditors of Ferrovie dello Stato Italiane S.p.A. (since 2022); Chairman of the Board of Auditors of ISPI; Member of the Board of Auditors of the Intesa San Paolo Foundation Onlus

Sergio Duca is the Chairman of the Board of Directors and Senior Non-Executive Director at Ferrari N.V. (RACE) since January 2, 2016, and is recognized as the audit committee financial expert.

Tommaso Ghidini

Board

Director on the Board of Directors

Tommaso Ghidini is a director at Ferrari N.V. (RACE) with no further details about his background or career history available in the documents.

  1. With margins already nearing the high end of your 2026 outlook, is there potential to recalibrate your margin expectations, and how will you balance unit growth versus price and mix over the next few years?

  2. Given the increase in personalization to around 20%, do you expect this level to be sustainable, and how might constraints in personalization capacity affect your ability to meet customer demand and capture more than 20% going forward?

  3. As residual values begin to normalize post-COVID and semiconductor shortages, could this impact your ability to price successor models with significant markups, and how are you addressing potential buyer concerns over residual value trends?

  4. With the order book of the new 12Cilindri models extending beyond two years and some markets showing weaker demand, particularly China due to additional tax burdens, how are you strategizing allocation and production to address geographic variances in demand?

  5. Considering the upcoming launch of your electric vehicle in 2025 and past strategies with new technologies like the LaFerrari and SF90, what are the key elements of your strategy for introducing the EV, and how do you plan to position it in terms of price point and production volume?

Recent press releases and 8-K filings for RACE.

Ferrari N.V. Reports on Share Buyback Program
·$RACE
Share Buyback
  • Ferrari N.V. reported on its eighth tranche of a multi-year share buyback program, which aims to repurchase approximately Euro 2 billion in shares by 2026.
  • Between October 6 and October 10, 2025, the company purchased 101,500 common shares on Euronext Milan for a total consideration of Euro 38,817,498.98.
  • Since the announcement of the eighth tranche on July 31, 2025, up to October 10, 2025, Ferrari has invested Euro 149,602,206.82 for 371,924 common shares on EXM and USD 33,447,541.72 for 69,609 common shares on NYSE.
  • As of October 10, 2025, Ferrari held 16,115,828 common shares in treasury, representing 8.31% of its total issued common shares.
  • Since the multi-year program began on July 1, 2022, the company has purchased a total of 5,452,553 own common shares for Euro 1,820,719,899.24 as of October 10, 2025.
5 days ago
BWI Group Announces MagneRide Production Milestone
·$RACE
Product Launch
New Projects/Investments
  • BWI Group has produced its 11 millionth MagneRide damper, with fourth-generation production ramping up worldwide.
  • The company anticipates significant growth in demand for MagneRide, driven by the industry's shift towards greater digitization and next-generation software-defined vehicle architectures.
  • MagneRide is a software-defined vehicle (SDV)-ready technology that enables 1,000 Hz damping control and is used by luxury brands including Ferrari, Lamborghini, Cadillac, Audi, and Mustang.
  • BWI Group is expanding its production capacity, with its Shenzhen plant (opened March 2025) and Zhangjiakou facility in China expected to produce two million units annually.
Oct 11, 2025, 1:20 AM
Ferrari Raises 2025 Guidance and Announces Increased Shareholder Returns
·$RACE
Guidance Update
Dividends
Share Buyback
  • Ferrari has raised its 2025 financial guidance, expecting net revenues to reach at least EUR 7.1 billion and adjusted EBITDA to exceed EUR 2.72 billion. The company also targets adjusted EBIT of at least EUR 2.06 billion with a 29% margin and industrial free cash flow exceeding EUR 1.3 billion for 2025.
  • The company's long-term plan aims for revenues around EUR 9 billion by 2030, with adjusted EBITDA and EBIT margins of approximately 40% and 30% respectively. Ferrari also targets cumulative industrial free cash flow of approximately EUR 8 billion between 2026 and 2030.
  • Ferrari plans to enhance shareholder returns by increasing dividend payouts from 35% to 40% of adjusted net profit starting in 2025 and initiating a EUR 3.5 billion share buyback program beginning in 2026.
  • Strategically, Ferrari plans to launch four new models annually between 2026 and 2030 and aims for a 2030 vehicle lineup composed of 40% internal combustion engines, 40% hybrids, and 20% fully electric vehicles.
Oct 9, 2025, 9:26 AM
Porsche Reports Declining Sales and Profitability in 2025
·$RACE
Demand Weakening
Profit Warning
Management Change
  • Porsche is facing significant challenges in 2025, with global sales and deliveries declining, including a drop of around 6% in the first nine months and a sales fall of up to 26% in China.
  • The company's profitability plunged in the first half of 2025, with profits decreasing from €2.15 billion to €718 million year-on-year.
  • Porsche's share price is near its all-time low, hovering around €42.7, reflecting investor concerns amid worsening demand.
  • In response to the challenging market, Porsche is cutting costs, restructuring leadership, delaying electric vehicle rollouts, and focusing more on internal combustion engine and hybrid models.
Oct 9, 2025, 8:34 AM
Ferrari Updates 2030 Powertrain Strategy and Financial Guidance
·$RACE
Guidance Update
Dividends
Share Buyback
  • Ferrari has revised its 2030 powertrain strategy, now expecting 40% internal combustion (IC), 40% hybrid, and 20% electric vehicles, a change from the previous 20% IC, 40% hybrid, and 40% electric targets.
  • The company provided an upward revision to its 2025 guidance due to strong business performance, improved sports car revenues, and a lighter cost base.
  • For 2030, Ferrari targets net revenues of approximately €9 billion (5% CAGR), EBIT of at least €2.75 billion (30%+ margin), EBITDA of at least €3.6 billion (40%+ margin), and adjusted EPS diluted of at least €11.5.
  • Ferrari plans to return approximately 85% of industrial free cash flow to shareholders, including an increased dividend payout of 40% of adjusted net profit starting from 2025 results and a €3.5 billion share repurchase program from 2026.
  • Cumulated capital expenditures are projected at €4.7 billion over the planned period, with 80% allocated to product range innovation and 20% to infrastructure development.
Oct 9, 2025, 8:00 AM
Ferrari N.V. provides update on share buyback program
·$RACE
Share Buyback
  • Ferrari N.V. reported on its Euro 360 million share buyback program, which is the eighth tranche of a multi-year program targeting approximately Euro 2 billion by 2026.
  • Under this eighth tranche, as of October 3, 2025, the company has invested Euro 110,784,707.84 for 270,424 common shares on Euronext Milan and USD 33,447,541.72 for 69,609 common shares on NYSE.
  • Since the multi-year program began on July 1, 2022, up to October 3, 2025, a total of 5,351,053 common shares have been purchased for Euro 1,781,902,400.26.
  • As of October 3, 2025, Ferrari held 16,014,328 common shares in treasury, representing 8.26% of the total issued common shares.
Oct 6, 2025, 5:27 PM
Ferrari N.V. reports on share buyback program
·$RACE
Share Buyback
  • Ferrari N.V. reported on its Euro 360 million share buyback program, which is the eighth tranche of a multi-year Euro 2 billion program expected to be completed by 2026.
  • From September 22 to September 26, 2025, the company purchased 56,297 common shares for a total consideration of Euro 22,897,164.19.
  • Since the announcement of this eighth tranche on July 31, 2025, up to September 26, 2025, Ferrari has invested a total of Euro 99,130,160.87 for 242,324 common shares on Euronext Milan and Euro 28,547,995.07 for 69,609 common shares on the NYSE.
  • As of September 26, 2025, the company held 16,017,908 common shares in treasury, representing 8.26% of the total issued common shares.
  • Since the multi-year buyback program began on July 1, 2022, until September 26, 2025, Ferrari has purchased a total of 5,322,953 common shares for a total consideration of Euro 1,770,247,853.29.
Sep 29, 2025, 2:10 PM
Ferrari N.V. Reports Periodic Share Buyback Activity
·$RACE
Share Buyback
  • Ferrari N.V. reported on its share buyback program, which is the eighth tranche of a multi-year program of approximately Euro 2 billion expected to be completed by 2026.
  • From September 15 to September 19, 2025, the company purchased a total of 66,210 common shares for a consideration of Euro 26,865,609.96.
  • Since the announcement of this eighth tranche on July 31, 2025, until September 19, 2025, Ferrari invested a total of Euro 79,620,691.85 for 194,360 common shares on Euronext Milan and Euro 25,160,299.89 for 61,276 common shares on the NYSE.
  • As of September 19, 2025, Ferrari held 15,961,611 common shares in treasury, representing 8.23% of the total issued common shares.
  • Since the multi-year share buyback program began on July 1, 2022, until September 19, 2025, the company has purchased 5,266,656 own common shares for a total consideration of Euro 1,747,350,689.10.
Sep 22, 2025, 5:08 PM
Ferrari N.V. Provides Update on Share Buyback Program
·$RACE
Share Buyback
  • Ferrari N.V. reported on its Euro 360 million share buyback program, which is the eighth tranche of a multi-year Euro 2 billion program expected to be completed by 2026.
  • Between September 8 and September 12, 2025, the company purchased 65,675 common shares for a total consideration of Euro 26,791,962.78.
  • Since the announcement of the eighth tranche on July 31, 2025, until September 12, 2025, Ferrari invested a total of Euro 77,915,381.78 to acquire 189,426 common shares.
  • As of September 12, 2025, Ferrari held 15,895,401 common shares in treasury, representing 8.20% of its total issued common shares.
  • Cumulatively, from the start of the multi-year program on July 1, 2022, through September 12, 2025, Ferrari has repurchased 5,200,446 common shares for a total consideration of Euro 1,720,485,079.13.
Sep 15, 2025, 8:58 PM
Ferrari N.V. provides update on share buyback program
·$RACE
Share Buyback
  • Ferrari N.V. reported on the eighth tranche of its multi-year Euro 2 billion share buyback program, which was announced on July 31, 2025.
  • From the announcement of this eighth tranche until August 29, 2025, the company purchased a total of 67,466 common shares on Euronext Milan and the New York Stock Exchange for a combined consideration of Euro 27,428,590.72.
  • As of August 29, 2025, Ferrari held 15,773,441 common shares in treasury, representing 8.73% of its total issued share capital.
  • Since the multi-year share buyback program commenced on July 1, 2022, up to August 29, 2025, Ferrari has repurchased a total of 5,078,486 common shares for Euro 1,669,998,288.08.
Sep 2, 2025, 1:43 PM