Ferrari's 2025 Q2 Earnings Call: Unraveling Contradictions in EV Strategy, Hybrid Plans, and Market Impact

Strong Financial Performance:
- Ferrari reported total revenues of approximately EUR 1.8 billion for Q2 2025, marking a 4.4% year-over-year growth with flat deliveries, along with strong profitability, including EBITDA in excess of EUR 700 million and an industrial cash flow at EUR 230 million.
- This growth was driven by a strong product mix, increased personalization, and efficiency improvements.

New Model Launches and Product Strategy:
- Ferrari introduced the Ferrari Amalfi, the 11th model in their 15-model roadmap, and the third launch of the year.
- The company's strategy focuses on evolving their offering to enhance competitiveness and attract both existing and new clients.

Order Book and Demand:
- Ferrari maintained a strong order book entering 2027, with substantial demand for new launches like the Ferrari Amalfi and the 296 Speciale family.
- The strong order book reflects the company's ability to manage complexity and adapt to market demands.

Investment in Innovation and Infrastructure:
- Ferrari is proceeding with the production ramp-up of its e-building and the construction of a new paint shop, enhancing their commitment to product excellence and technological advancement.
- These investments are crucial for maintaining the company's competitive edge in the global automotive market.