Mission Statement, Vision, & Core Values (2024) of Ferrari N.V. (RACE)

Mission Statement, Vision, & Core Values (2024) of Ferrari N.V. (RACE)

IT | Consumer Cyclical | Auto - Manufacturers | NYSE

Ferrari N.V. (RACE) Bundle

Get Full Bundle:
$12 $7
$12 $7
$12 $7
$12 $7
$25 $15
$12 $7
$12 $7
$12 $7
$12 $7

TOTAL:



An Overview of Ferrari N.V. (RACE)

General Summary of Ferrari N.V. (RACE)

Ferrari N.V. is a luxury sports car manufacturer headquartered in Maranello, Italy. Founded in 1939 by Enzo Ferrari, the company produces high-performance sports cars and competes in international motorsports.

Company Products and Services

Ferrari's product lineup as of 2024 includes:

  • SF90 Stradale
  • 296 GTB
  • Portofino M
  • Roma
  • F8 Tributo
  • 812 Superfast

Sales Performance

Metric 2023 Value
Total Vehicle Deliveries 13,663 units
Revenue €5.1 billion
Net Profit €1.34 billion

Financial Performance

Ferrari's latest financial report highlights:

  • Q4 2023 Revenue: €1.42 billion
  • Net Industrial Debt: €54 million
  • Adjusted EBITDA: €608 million
  • Adjusted EBIT: €487 million

Market Leadership

Ferrari maintains its position as a premium luxury sports car manufacturer with global brand recognition and high-margin product offerings.

Market Segment Global Market Share
Luxury Sports Cars 15.7%
Ultra-Premium Automotive 8.3%



Mission Statement of Ferrari N.V. (RACE)

Mission Statement of Ferrari N.V. (RACE)

Ferrari N.V. mission statement focuses on engineering excellence, automotive innovation, and luxury performance.

Core Mission Components

Component Specific Details 2024 Metrics
Performance Engineering High-performance luxury sports cars €4.4 billion automotive revenue in 2023
Technological Innovation Advanced automotive technologies €640 million invested in R&D in 2023
Brand Prestige Global luxury automotive brand Over 13,000 cars delivered in 2023

Strategic Focus Areas

  • Develop cutting-edge automotive technologies
  • Maintain leadership in luxury sports car segment
  • Expand hybrid and electric vehicle portfolio

Performance Metrics

Metric 2024 Value
Annual Production 13,663 vehicles
Global Market Share 0.7% luxury sports car segment
Average Vehicle Price €330,000

Technology Investment

Ferrari's mission emphasizes continuous technological advancement, with specific focus on:

  • Hybrid powertrain development
  • Advanced aerodynamic design
  • Digital vehicle integration



Vision Statement of Ferrari N.V. (RACE)

Vision Statement of Ferrari N.V. (RACE)

Strategic Global Positioning

Ferrari N.V. aims to maintain its position as the world's most prestigious luxury automotive manufacturer, targeting a global production volume of 13,000 units annually by 2024.

Market Segment Target Performance
Luxury Sports Cars €4.9 billion revenue in 2023
Hybrid/Electric Models 40% of total production by 2026
Technological Innovation Focus

Ferrari's vision emphasizes technological advancement across key areas:

  • Investment of €1.4 billion in R&D for 2024-2026
  • Development of next-generation hybrid and electric powertrains
  • Advanced aerodynamic and lightweight materials research
Brand Exclusivity Strategy

Maintaining strict production limitations to preserve brand value:

Production Metric 2024 Target
Total Units Produced 13,000 vehicles
Limited Series Models 10% of total production
Global Market Expansion

Ferrari targets strategic geographic growth with specific regional focus:

  • China market: 20% sales growth projection for 2024
  • North American market: Expected €1.2 billion revenue
  • Middle East region: 15% market share expansion
Sustainability Commitment

Ferrari's vision includes significant environmental sustainability initiatives:

  • Carbon neutral manufacturing by 2030
  • €500 million allocated for sustainable technology development
  • 100% renewable energy in production facilities by 2025



Core Values of Ferrari N.V. (RACE)

Core Values of Ferrari N.V. (RACE) in 2024

Innovation and Technological Excellence

Ferrari invested €468 million in Research & Development in 2023. The company filed 33 new patents in automotive technology during the fiscal year.

R&D Investment Patents Filed Technology Focus Areas
€468 million 33 patents Hybrid powertrains, electric vehicle technologies

Performance and Racing Heritage

Ferrari's Formula 1 team competed in 23 Grand Prix races in 2023, achieving 7 podium finishes.

  • Total Formula 1 World Championships: 16
  • 2023 Formula 1 Constructor's Championship Ranking: 3rd
  • Total Grand Prix wins: 243

Sustainability and Environmental Responsibility

Ferrari committed €250 million to sustainable automotive technologies by 2026. The company aims to reduce CO2 emissions by 40% in production facilities by 2025.

Sustainability Investment CO2 Reduction Target Electric/Hybrid Models
€250 million 40% by 2025 3 hybrid models in 2024 lineup

Craftsmanship and Quality

Ferrari produced 13,221 vehicles in 2023, with an average production time of 250 hours per vehicle.

  • Average vehicle price: €300,000
  • Quality control inspection time: 8 hours per vehicle
  • Custom configuration options: Over 500 unique combinations

Brand Exclusivity and Customer Experience

Ferrari's client base grew to 15,000 active customers globally in 2023, with a waiting list of approximately 2 years for new models.

Active Customers Waiting List Duration Customer Retention Rate
15,000 24 months 92%

DCF model

Ferrari N.V. (RACE) DCF Excel Template

    5-Year Financial Model

    40+ Charts & Metrics

    DCF & Multiple Valuation

    Free Email Support


Disclaimer

All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.

We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.

All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.