Ferrari raises FY25 EPS view to greater than EUR 8.80 from greater than EUR 8.60

Raises FY25 revenue view to greater than EUR 7.1B from greater than EUR 7B. Raises FY25 adjusted EBITDA view to greater than EUR 2.72B from greater than EUR 2.68B, Sees FY25 industrial free cash flow greater than EUR 1.3B. The company said, “The Company decided to proceed with a higher shareholder reward, resulting in the proposal to: increase the dividend pay-out to 40% of adjusted net profit starting from the 2025 annual results, leading to a cumulated dividend distribution of Euro ~3.5 billion from 2027 to 2031, and start a new share repurchase program of Euro ~3.5 billion to be executed from 2026 to the end of the plan, in line with the progress of industrial free cash flow generation.”