Ferrari N.V. stands as one of the world’s most prestigious luxury performance automotive manufacturers. Headquartered in Maranello, Italy, Ferrari has long transcended the boundaries of high-performance automotive engineering to become an iconic brand synonymous with exclusivity, innovation, and Italian craftsmanship. Its brand identity, deeply rooted in motorsport, elegance, and high technology, drives customer loyalty and shareholder value across the globe.
Ferrari prides itself on an integrated business model that blends design, engineering, and manufacturing excellence with a unique go-to-market strategy focused on exclusivity and brand desirability. The company’s brand is not only cultivated through its sports and road cars but also through an expanding lifestyle portfolio that includes luxury fashion, accessories, theme parks, and museums.
In 2024, Ferrari reported excellent performance metrics, including an EBITDA margin of 38.3% and a net profit of €1.5 billion. The company continues to invest heavily in research and development, particularly in hybrid and electric vehicle (EV) technologies, in line with its goal of achieving carbon neutrality by 2030. Ferrari’s latest developments include the establishment of a new e-building facility in Maranello and the launch of advanced electric and hybrid models.
With a philosophy centered on controlled growth and limited production volumes, Ferrari maintains its brand’s aura of exclusivity. This strategy ensures that demand consistently outpaces supply, helping to preserve high residual values and elevate brand prestige.
Ferrari is listed on both the New York Stock Exchange (NYSE) and Euronext Milan and operates under the governance of a highly experienced board of directors and executive leadership team. The company remains committed to sustainability, innovation, and delivering uncompromising driving excitement.
Business Segments and Revenue Breakdown
Ferrari operates across a strategically focused set of business segments that reinforce its position as a leader in luxury performance. These include:
1. Cars and Spare Parts
This segment represents the core of Ferrari’s operations, encompassing the design, production, and sale of sports cars and associated parts. It includes the full lineup of GT, special series, Icona, and supercars.
- Revenue Contribution (2024): Approximately 84% of total revenue.
2. Engines
Ferrari supplies engines primarily for its own production but has also historically supplied to partners. This segment’s contribution has been decreasing due to Ferrari’s strategic realignment toward proprietary usage.
- Revenue Contribution (2024): Less than 2%.
3. Sponsorship, Commercial, and Brand
This includes revenue from racing sponsorships, brand merchandising, theme parks, and lifestyle products. The company continues to grow this segment as part of its diversification strategy.
- Revenue Contribution (2024): Approximately 13%.
4. Other
Comprises miscellaneous income, services, and secondary activities.
- Revenue Contribution (2024): Around 1%.
Physical Properties: Offices, Plants, and Factories
Ferrari’s physical footprint includes world-class manufacturing and innovation facilities, with the primary operations centralized in Italy:
1. Maranello Headquarters and Factory
- Location: Maranello, Italy
- Facilities: Corporate HQ, Design, R&D, and primary vehicle production plant.
- Special Installations: Wind tunnel, Fiorano test track.
2. Maranello e-Building
- Inaugurated: June 21, 2024
- Function: Dedicated to EV and hybrid production, including in-house battery assembly, electric axles, inverters, and motors.
- Notable Achievement: Constructed within two years, pioneering energy and process efficiency.
3. Modena Facility
- Function: Primarily focused on specific manufacturing and design functions in support of main operations.
4. Museums
- Ferrari Museum in Maranello
- Enzo Ferrari Museum in Modena
- Combined 2024 attendance: Over 850,000 visitors.
These properties are integral to Ferrari’s operations, enabling vertically integrated production and proprietary control over quality and performance standards.
Company History
Founded in 1947 by Enzo Ferrari, the company began as Auto Avio Costruzioni in 1939 and produced its first car under the Ferrari brand in 1947. Enzo Ferrari’s vision was to create cars that were “different from all others,” emphasizing both performance and aesthetics.
The Ferrari brand quickly became synonymous with Formula 1 success, engineering innovation, and Italian style. From the 125 S, Ferrari’s first vehicle, to legendary models like the F40, Enzo Ferrari’s legacy of uncompromising excellence endures.
In 1969, Fiat S.p.A. acquired a 50% stake in Ferrari, eventually increasing its holding. Ferrari was spun off from Fiat Chrysler Automobiles (FCA) and listed on the NYSE in 2015 and on Euronext Milan in 2016, marking a new era of financial and operational independence.
Today, Ferrari combines its rich heritage with forward-thinking strategies including electrification, sustainability, and lifestyle expansion, embodying the future of luxury mobility.

Products and Services
Ferrari’s offerings span high-performance automobiles and brand lifestyle experiences.
Product Categories:
- Range Models (GT Cars): Roma, Portofino M, etc.
- Special Series Models: 812 Competizione, 296 GTB, 296 GTS.
- Icona Series: Limited-run, heritage-inspired models like Monza SP1/SP2.
- Supercars: F80 (2024), LaFerrari Aperta.
- Hybrid Vehicles: 296 GTB and others.
- Upcoming Electric Vehicles: Launch of the first all-electric Ferrari set for late 2025.
Services:
- Personalized customization (Tailor Made Program)
- Ferrari Financial Services
- Official Ferrari Servicing and Maintenance
- Track experiences and client events
Ferrari’s vehicles emphasize performance, innovation, and timeless aesthetics, with each model designed to deliver unique driving emotion.
Brands and Brand Portfolio
Ferrari has strategically cultivated a brand portfolio that amplifies its identity in luxury and motorsports:
Core Brand Assets:
- Ferrari – Synonymous with high-performance luxury vehicles, motorsport excellence, and Italian design.
- Scuderia Ferrari – Represents the racing division, with a deep legacy in Formula 1, symbolizing performance and competitive spirit.
- Ferrari Classiche – Preserves and certifies vintage Ferraris, reinforcing brand heritage and prestige.
- Ferrari Tailor Made – Exclusive customization program enabling clients to personalize every detail of their vehicle.
Lifestyle Extensions:
- Ferrari Fashion: A growing division showcasing high-end collections at major fashion weeks.
- Ferrari Museums: Attracting hundreds of thousands of visitors annually, reinforcing emotional brand attachment.
- Ferrari Store: A global chain of retail outlets offering branded apparel, watches, and collectibles.
- Theme Parks: Ferrari World Abu Dhabi and other experiences enhancing brand visibility among a wider audience.
Geographical Presence and Revenue Breakdown
Ferrari’s business is global, with regional diversification that ensures resilience and growth.
Revenue Breakdown by Region (2024):
- EMEA (Europe, Middle East, Africa): 42%
- Americas: 30%
- China, Hong Kong, Taiwan: 11%
- Rest of APAC: 17%
Ferrari’s global strategy leverages targeted regional expansions, including increasing presence in high-growth Asian markets and strengthening dealer networks in North America and Europe.
Ferrari’s vehicles are sold via a carefully selected network of 180+ authorized dealers across 60+ countries.
Financial Statements (Consolidated)
Consolidated Income Statement (in millions of Euro)
Particulars | 2024 | 2023 |
---|---|---|
Net Revenues | 6,646 | 5,985 |
EBITDA | 2,546 | 2,124 |
EBIT | 1,827 | 1,445 |
Net Profit | 1,534 | 1,257 |
Consolidated Balance Sheet (in millions of Euro)
Assets | 2024 | 2023 |
Total Assets | 9,785 | 8,456 |
Shareholders’ Equity | 3,293 | 2,774 |
Total Liabilities | 6,492 | 5,682 |
Consolidated Cash Flow Statement (in millions of Euro)
Cash Flows | 2024 | 2023 |
Operating Activities | 2,083 | 1,804 |
Investing Activities | (1,235) | (892) |
Financing Activities | (594) | (612) |
Net Increase in Cash | 254 | 300 |
Subsidiaries, Wholly-Owned Subsidiaries, and Associates
Ferrari’s corporate structure includes several subsidiaries and associates that support operations globally. These are grouped into wholly-owned operational arms, regional distribution entities, and specialized service subsidiaries.
Wholly-Owned Subsidiaries (examples):
- Ferrari S.p.A. – Core manufacturing entity located in Italy.
- Ferrari North America, Inc. – U.S.-based distributor and service arm.
- Ferrari Asia Pacific Pte Ltd. – Singapore-based regional HQ for Asia.
- Ferrari Financial Services GmbH – Based in Germany, manages client financing.
- Ferrari Japan KK – Country-specific operational and sales entity.
Associates and Other Holdings:
Ferrari holds minority stakes and collaborative ventures in:
- Ferrari Theme Parks (e.g., Abu Dhabi) – Strategic branding partnerships.
- R&D Partnerships – Including the E-Cells Lab in partnership with the University of Bologna and NXP.
These subsidiaries provide Ferrari with enhanced agility and localization in global markets, while ensuring uniform brand standards and service quality.
Founder’s Details
Enzo Ferrari (1898–1988) was an Italian motorsport enthusiast and entrepreneur who founded the Ferrari marque. Originally a racecar driver for Alfa Romeo, he later established Auto Avio Costruzioni during WWII and launched the first Ferrari-badged car, the 125 S, in 1947.
Enzo’s philosophy focused on building world-class racing machines and eventually crafting exclusive road cars that embodied performance and elegance. Under his leadership, Ferrari won numerous Grand Prix titles and built a reputation for excellence.
His legacy continues through the brand’s racing DNA, elite engineering, and pursuit of innovation.
Board of Directors (2024)
Ferrari’s board brings together distinguished leaders from luxury, technology, and finance:
- John Elkann – Executive Chairman: Heir to the Agnelli family, chairman of Exor N.V., with a vision for long-term sustainable growth.
- Benedetto Vigna – Chief Executive Officer: A physicist and technology leader known for accelerating Ferrari’s electrification and digital transformation.
- Piero Ferrari – Vice Chairman: Son of Enzo Ferrari, represents the Ferrari family legacy.
Non-Executive Directors:
- Delphine Arnault – CEO of Dior, representing LVMH’s luxury expertise.
- Francesca Bellettini – President and CEO of Saint Laurent.
- Eddy Cue – Senior VP of Services at Apple, brings digital and brand experience.
- Sergio Duca – Audit and finance expert.
- John Galantic – Former COO of Chanel USA.
- Maria Patrizia Grieco – Governance expert.
- Adam Keswick – Jardine Matheson executive.
- Mike Volpi – Entrepreneur and venture capitalist.
The board reflects Ferrari’s global ambitions and commitment to innovation, governance, and heritage.
Shareholding Details
Ferrari maintains a carefully structured shareholding pattern to preserve independence, align long-term investor interests, and support innovation.
Major Shareholders (as of December 31, 2024):
- Exor N.V. – ~22.9% of common shares, ~35.3% of voting rights
- Piero Ferrari – ~10.3% of common shares, ~15.5% of voting rights
- Retail and Institutional Investors – Remaining shares widely distributed
Ferrari benefits from a loyal shareholder base with a long-term horizon. Voting rights differ due to the loyalty share mechanism, which increases voting power for long-standing investors.
Parent Company Details
Ferrari N.V. operates as a standalone, publicly listed company. While Exor N.V. is the largest single shareholder, Ferrari has no controlling parent company and maintains operational and strategic independence. This structure supports a long-term, innovation-focused strategy.
Investment and Passive Investment Details
Ferrari maintains selective, strategic investments to support technological, brand, and geographic expansion. These include:
Active Strategic Investments:
- E-Cells Lab: Joint R&D initiative with University of Bologna and NXP focused on lithium battery research.
- Theme Park Ventures: Ferrari-branded theme parks in collaboration with regional investors and tourism authorities.
Passive Holdings:
Ferrari does not maintain a significant portfolio of passive financial investments. The company allocates capital towards:
- Product development (hybrid/electric platforms)
- Manufacturing infrastructure
- Sustainability and innovation initiatives
Future Investment Plans
Ferrari’s forward-looking investment roadmap aligns with its ambition to lead in luxury electrified mobility and lifestyle:
Key Focus Areas (2025 and Beyond):
- Electrification:
- Launch of first full-electric Ferrari in late 2025
- Scaling production at the Maranello e-building
- R&D and Innovation:
- Strengthen partnerships with academic and tech institutions
- Accelerate digital and AI-enabled in-car experiences
- Sustainability:
- Achieve carbon neutrality by 2030
- Reduction of methane use and switch to renewable power
- Brand and Lifestyle Expansion:
- Increase Ferrari fashion and accessory lines
- Grow Ferrari Museums and Experience Centers
- Global Network and Customization Services:
- Expand Ferrari’s Tailor Made Program
- Enhance digital client personalization
With a robust pipeline, strategic capital deployment, and brand clarity, Ferrari is poised to innovate beyond automotive excellence and into a broader luxury experience.
What is Ferrari N.V. known for?
Ferrari N.V. is renowned for manufacturing high-performance luxury sports cars, integrating Italian craftsmanship with cutting-edge innovation. The brand is globally iconic in both automotive and lifestyle sectors.
What are Ferrari’s main business segments?
Ferrari operates across Cars & Spare Parts, Engines, Sponsorship/Branding, and other minor activities. Cars & Spare Parts contribute around 84% of total revenue.
Where are Ferrari’s production facilities located?
Ferrari’s key facilities are in Maranello and Modena, Italy, including the new Maranello e-building for EV and hybrid vehicle production.
Who owns Ferrari N.V.?
Ferrari N.V. is publicly listed. Major shareholders include Exor N.V. (~22.9% of shares) and Piero Ferrari (~10.3%), with no controlling parent company.
What are Ferrari’s future investment plans?
Future plans include launching the first full-electric Ferrari in 2025, expanding R&D, achieving carbon neutrality by 2030, and growing lifestyle segments like fashion and theme parks.