(Adds dropped word ‘shares’ from paragraph 4) (Reuters) -Luxury sports-car maker Ferrari on Thursday raised its annual guidance and said it expected to reach revenue of around 9 billion euros ($10.5 billion) in 2030. The company forecast net revenue of at least 7.1 billion euros for 2025, up from a previous goal of more than […]
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Ferrari lifts annual guidance, sets 2030 revenue target at 9 billion euros
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(Reuters) -Luxury sports-car maker Ferrari on Thursday raised its annual guidance and said it expected to reach revenue of around 9 billion euros ($10.5 billion) in 2030.
The company forecast net revenue of at least 7.1 billion euros for 2025, up from a previous goal of more than 7 billion euros.
Ferrari targets an adjusted core profit (EBITDA) of at least 3.6 billion euros by 2030, driven by a strong product mix and innovation in sports cars, it said.
The company’s shares are halted from trading and were last seen down 11.4%.
($1 = 0.8603 euros)
(Reporting by Laura Contemori; Editing by Milla Nissi-Prussak)