Ferrari N.V. (NYSE:RACE) shares traded lower in Thursday’s premarket session following the luxury sports car manufacturer’s release of its comprehensive 2030 strategic plan and updated near-term financial guidance.

2025 Financial Guidance

For 2025, the company has modestly raised its outlook, now projecting revenue of ≥7.1 billion euros ($8.3 billion), an increase from the previous guidance of >7.0 billion euros.

Adjusted EBITDA is expected to reach ≥2.72 billion euros (up from ≥2.68 billion euros), while adjusted earnings per share (EPS) are guided to be ≥8.80 euros (a lift from ≥8.60 euros).

Targeting 40% Margin By 2030

Looking towards 2030, Ferrari is targeting net revenues of approximately 9.0 billion euros ($10.5 billion), implying a compound annual growth rate of about 5%, primarily fueled by its sports car segment and related activities.

The company aims for an EBITDA of at least 3.6 billion euros by the decade’s end, translating into an EBITDA margin of at least 40%.

The strategy targets a cumulative industrial free cash flow of roughly ...