Market Expansion And PersonalizationDespite cautious guidance, growth is expected to exceed ~5%, supported by further US expansion, price/mix upside, and demand-driven personalization options.
Potential Upside SurprisesFerrari's guidance is intentionally conservative given the current volatile environment, leaving room for potential upside surprises in both revenue and EBITDA.
Strategy And Brand LongevityFerrari remains committed to its scarcity-driven strategy and is consciously avoiding the pricing missteps seen in other luxury names as well as autos.