Ferrari Proposes €3.615 Dividend (+21%) and Evercore ISI Reaffirms $475 Target
Ferrari’s board proposes a €3.615 per share dividend (+21%), totaling €640M, subject to April 15 AGM approval with ex-dividend on April 20 and 21, payment on May 5. Full-year 2025 revenue rose 7% to €7.1B and EBIT margin climbed 1.2pp to 29.5%, prompting Evercore ISI to reaffirm a $475 target.
1. Dividend Proposal and Timeline
Ferrari’s Board of Directors will recommend a €3.615 per share dividend representing a 21% increase year-over-year, equivalent to a total distribution of approximately €640 million. This proposal is subject to shareholder approval at the April 15 AGM, with ex-dividend dates set for April 20 on EXM and April 21 on NYSE and payment scheduled for May 5.
2. Annual Report and Sustainability Statement
Ferrari has published its 2025 Annual Report and filed its Form 20-F, featuring audited financial statements for the year ended December 31, 2025. The report includes a voluntary Sustainability Statement prepared in line with European Sustainability Reporting Standards (ESRS), all accessible via the corporate website.
3. 2025 Financial Performance and Rating Update
Full-year 2025 revenue rose 7% to €7.1 billion while EBIT margin increased by 120 basis points to 29.5%, driven by product mix and personalization services. Following these results, Evercore ISI reaffirmed its Buy rating on Ferrari with a $475 price target.