Earnings call briefThird-quarter 2026
Ferrari sees negative currency impact of EUR 150 to 200 million for full year
Group CFO Antonio Picca Piccon said personalizations are above the approximately 20% guided at the start of the year.
GetSignal Ferrari RACE
Ferrari said on its third-quarter call that it expects a negative foreign exchange impact of between EUR 150 million and EUR 200 million on a full-year basis. Group CFO Antonio Picca Piccon said the earlier reference of around EUR 200 million would be lower at the current spot rate, but still is the reference.
Picca Piccon also said the personalization rate is above the approximately 20% guided at the start of the year, and that the company assumes the last quarter will not be an exception.
Quotes from the call
“...we were expecting a negative foreign exchange rate impact of around EUR 200 million. Considering where the spot rate is today, it would be lower than that, but still is the reference. So between EUR 150 million and EUR 200 million, overall full-year basis.”
Key facts from the call
- Expected full-year foreign exchange impact
- Negative, between EUR 150 million and EUR 200 million
- Expected fourth-quarter euro-dollar assumption
- Approximately more than 1.15, blended between spot and hedges
Source: Ferrari's third-quarter 2026 earnings call, November 3, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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