Why invest?

Ferrari Group operates in a specialised segment of the logistics industry where barriers to entry are inherently high.

Its market position is underpinned by:

• Long-standing expertise in handling high-value and sensitive goods
• A strong reputation for security, reliability, and discretion
• Deep, trust-based relationships with leading luxury brands

The Group is positioned within the global luxury goods ecosystem, which has demonstrated long-term resilience and growth supported by increasing global wealth, expanding high-net-worth populations, and the strength of established luxury brands.

With a fully integrated, end-to-end logistics platform across more than 60 countries, Ferrari Group combines global scale with local execution capabilities.

This enables consistent service delivery across key luxury markets while navigating complex regulatory environments.

The Group continues to invest in its people and organisational structure, including the introduction of a more regionally focused leadership model to enhance local accountability, client proximity, and operational agility. These initiatives are complemented by ongoing investment in digitalisation and technology, improving shipment visibility, operational efficiency, and client service.

In 2025, the Group further expanded its footprint, focusing on Asia and the US, including:

• A new logistics hub in Bangkok
• New facilities in Singapore and Taiwan
• A new office and Free Trade Zone in New York
• A branch in Doral
• Expanded operations in North Carolina

Ferrari Group benefits from a high-quality revenue profile, supported by:

• Long-standing relationships with global luxury clients
• Recurring business driven by ongoing client activity
• High switching costs due to the critical nature of its services

In 2025, the Group delivered revenues of €365.5m (+4.8% at constant currency), primarily driven by increased volumes, taxable weight, and network coverage.

Its focus on reliability and service quality underpins strong client retention and revenue visibility over time.

Ferrari Group has built a proven track record of cash generation, supported by a disciplined operating model and scalable platform.

In 2025, the Group delivered:

• EBITDA: €93.3m
• EBITDA margin: 26.0%
• Cash conversion: 86.3%

The Group operates a balanced capital allocation approach, targeting the distribution of approximately 40% of net profit as annual dividends.

Reflecting its strong performance in 2025, Ferrari Group proposed a dividend payout of 56% of net profit, demonstrating its commitment to shareholder returns.

This track record supports the Group’s ability to fund growth while delivering consistent returns to shareholders.

Ferrari Group supports its clients in delivering on their sustainability ambitions, combining security with environmental responsibility across its logistics offering.

The Group continues to:

• Invest in lower-emission logistics solutions
• Enhance ESG reporting and transparency
• Align with evolving client requirements

Ongoing initiatives include expanding the electric vehicle fleet, optimising packaging, and working with air freight partners to reduce emissions across transportation.

Ferrari Group is focused on delivering sustainable, long-term growth through:

• Expanding its presence in key luxury markets
• Strengthening relationships with existing clients
• Broadening its service offering
• Improving operational efficiency

The strategy is underpinned by a disciplined approach to execution, with a continued focus on service quality and operational excellence.