The CEO Benedetto Vigna illustrates to the shareholders the strategy that looks at technological neutrality, but the president John Elkann speaks even more clearly: “I am committed to preserving the uniqueness of Ferrari”. Four new models every year until 2030, 20% electric, but the stock has lost 15%
The arrival of the first electric model to act as a technological driving force for a company that cares about itself like never before. “I am committed to ensuring that every decision we make reinforces the uniqueness of FerrariThe president’s rather clear words reflect this John Elkann to open the event on October 9th Capital Markets Day in Maranello, the event that illustrates to investors and the press the industrial and financial state of the Cavallino. Also excellent. “When Ferrari entered the stock market in October 2015, the world turned its attention towards us. Many wondered whether a company built on passion, innovation and craftsmanship could prove its worth even under the discipline of the capital markets. Ten years later, the answer to this question is clear: Ferrari is even stronger.” In an extremely attentive silence, John Elkann summarizes from the stage what has been a path of undoubted effectiveness. “In the last ten years we have launched 41 new sports cars and we have doubled also ours workforcegoing from just under three thousand employees in 2015 to around six thousand today”. The next stage will take place in the next few months, but it has been prepared with a technical enrichment strategy destined to subsequently spread to Maranello’s entire production: “The Electric Ferrari It has a revolutionary architecture – underlines Elkann – The car has four independent motors which guarantee active control over each wheel and unprecedented agility”.
shock in the stock market
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The Ferrari strategy foresees four new launches a yearalready planned between 2026 and 2030, with the electric one which will be an addition to the offer of a range destined to evolve towards electrification: in 2030 the product offer will be made up of 40% of cars with petrol engines, 40% with hybrid powertrain and 20% for battery-only models. “We are great supporters of technological neutrality and electric vehicles will allow us to expand our customer base” explains the Ferrari CEO, Benedetto Vigna. But we will not stop producing combustion engine cars“. Ferrari will continue product innovation for the long term, with investments of 4.7 billion euros until 2030, the year in which the company aims to achieve net revenues of around 9 billion, with an annual growth rate of 5% and a margin of at least 30%. Forecasts on the basis of which the Italian Stock Exchange, which was evidently expecting double-digit percentages, did not seem to reward the stock, which arrived on the morning of 9 October to lose even 15%.
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