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Ferrari Group is the one-stop service provider specialising in shipping, integrated logistics and high
value-added services for jewellery and precious goods, worldwide

Key metrics
Key metrics

FY24 Results
Overview

€348.8m

Revenue

€92.4m

Adjusted EBITDA

€57.3m

Net Profit

€87.0m

Net Financial Position*

Note: (*) A positive figure indicates a net cash position

Our strategy
Our strategy

Clear strategy aimed
for mid-term growth

This strategy is built around four closely interconnected value creation drivers: increasing share of wallet by broadening the range of services offered to customers, expanding regionally, growing our customer base and entering adjacent industries, and improving margins across the Group.

Download Annual Report 2024
Ferrari Group’s growth strategy focuses on service expansion, regional reach, new markets, and margin improvement across the luxury value chain.
Our key investment highlights
Our key investment highlights

The global personal luxury market has grown at a rate of 4.0% per year from 2007 to 2023 and is projected to grow by 6.2% per year from 2023 to 2028. Within this market, Ferrari Group specialises in the high-end segment of hard luxury goods, one of the industry’s fastest-growing and most resilient sectors. The total addressable market for the Group’s core operations was estimated at approximately €2.5 billion in 2023, with further expansion opportunities that could increase the total addressable market by over €1.3 billion.

Ferrari Group’s integrated business model capitalises on its unique value proposition and bespoke services. This model provides operational flexibility, allowing the Group to effectively meet complex transportation and storage needs. As a result, Ferrari Group’s business model is structurally more profitable than that of the average logistics provider.

Ferrari Group’s services are​​ “mission critical” for over 100 high-profile customers, including global luxury brands, high-end watchmakers and jewellery manufacturers. In 2023, the Group achieved a 100% client retention rate among its global clients. Between 2021 and 2023, the top 10 customers each increased their respective compound annual growth rate (CAGR) contribution to the Group’s revenues.

Between 2021 and 2023, Ferrari Group expanded its geographical footprint from 72 to 85 locations and increased annual revenue from €236.2 million to €333.0 million. The Group maintained this positive momentum into 2024, achieving €254.0 million in revenues during the first nine months of the year.

Key factors supporting this growth include:

  • ​​Cost efficient structure​​     ​
  • Pricing flexibility and ability to pass on freight costs to end customers  
  • Direct link between fees and charges, the value of the luxury goods transported and their taxable weight 
  • Consolidation of international shipments and customs declarations, enhancing operating leverage and profitability 

Ferrari Group is a key enabler for luxury brands to fulfil their sustainability agenda. The Group’s compelling ESG offering includes detailed Co2 impact tracking, advice regarding the most emission-friendly routes, and the use of sustainable transport options wherever possible.

Initiatives to reduce environmental impact include growing the Group’s electric fleet, optimising packaging, and working with air freight partners to reduce emissions in air transportation.

The Group has an ambitious strategy aimed at growing its revenues while maximising operating efficiency. 

This strategy is based on four highly interconnected value creation drivers: 

  • increasing the share of wallet by broadening the scope of services offered to customers;
  • regional expansion; 
  • growing ​​​our ​customer-​base and expand to adjacent ​​​​industries​; ​     ​ 
  • ​​​improving margins across the Group. 

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