No. of Recommendations: 0
Apparently investors didn’t like the lowered CAGR of 5% from 9% and the lower EV targets.
In terms of guidance, the company expects net revenue to reach approximately 9.0 billion by 2030, representing a compound annual growth rate of around 5%, primarily driven by high-value sports cars, customized models, and other car-related activities sustained by a robust order book. Ferrari (NYSE:RACE) noted that its expanded product mix and increased personalization are expected to support the projected revenue growth.
On the production front, Ferrari (RACE) sees an average of four new car launches per year planned between 2026 and 2030. In 2030, the product lineup will be 40% ICE, 40% hybrid, and 20% electric. The percent of electric vehicles was lowered from a prior target of 40% of the portfolio.
seekingalpha.com - Ferrari slides as investors weigh long term guidance new EV plans 