Sports car maker Ferrari NV (NYSE: RACE) on Thursday updated its financial guidance, raising full-year 2025 revenue and earnings forecasts.
The management lifted its full-year revenue guidance to approximately €7.1 billion from the previous forecast of around €7.0 billion The FY25 EPS forecast has been revised up to €8.80 from the earlier projection of €8.60The company reiterated its adjusted EBITDA margin for fiscal 2025 at around 38.3%Now, it expects industrial free cash flow to be approximately €1.30 billion in FY25, compared to the initial guidance of around €1.20 billion Ferrari is planning to increase the dividend payout to 40% of adjusted net profit starting from the 2025 annual resultsIt will commence a new share repurchase program of approximately €3.5 billion, to be executed from 2026 to the end of the planFor 2030, the Ferrari leadership targets total revenues of €9.0 billion and an EBITDA of at least €3.6 billion
