Ferrari slips on the stock market. Part of deliveries to the Middle East suspended. 20 billion burned in one year
The share price loses more than 5 per cent, in one year the group burns more than 20 billion capitalisation
<a class="class-link-internal" href="#U31622544357fCI">Delivery slowdown</a>
The war in Iran is slowing down Ferrari's deliveries in the Middle East region. This was announced yesterday by the Maranello marque itself: 'We are closely following developments in the Middle East and the possible impact on our business. At the moment, some deliveries to that area are temporarily suspended, although we continue to manage some deliveries by air,' they said.
The slowdown in deliveries
In the face of the conflict against Iran launched by the United States and Israel on 28 February, deliveries to the Middle East by sea and land have been affected, while those deliveries that can be completed by air are continuing. In 2025, Ferrari delivered a total of 13,640 cars, of which 6,346 in the entire Emea area, i.e. Europe, Middle East and Africa, without specific details on deliveries in the three territories.
More than 20 billion burned in one year
The confirmation of a slowdown in that area had immediate repercussions on the stock exchange. The group's shares, on a difficult day for the stock exchange, left 5.4% on the ground at a reference price of EUR 274.1. In recent months, the stock market capitalisation of the Rossa has fallen significantly. Just a year ago, when Exor placed 4% and collected €3 billion, the group's market capitalisation was €76 billion. Today, Ferrari's stock market value has fallen below 54 billion. So in 12 months more than 20 billion has been burned in value with the share price losing more than 30%.
The plan and review of evaluations
The drop in the price of the Rossa was particularly pronounced after the presentation of the industrial plan by CEO Benedetto Vigna last October. A plan deemed perhaps too cautious by a market accustomed to aggressive estimates. However, among insiders, many believe that a revision of the valuation parameters, which in the past have been too generous, is underway.
On the occasion of the financial statement announcement a few weeks ago, the group updated its plan guidance. In detail, Ferrari expects revenues of €7.5 billion, with diluted earnings per share of €9.45 or more. Ebitda is expected at €2.93 billion, with margin at 39%. As for Ebit, Ferrari estimates that it will be €2.22 billion at the end of 2026, with margin at 29.5%. Free cash flow from industrial activities is expected to be in line with that of 2025, at or above €1.5 billion.
