Ferrari (RACE) Revenue by Segment

Analyzes income from different business areas, such as car models and merchandise, highlighting which segments drive Ferrari's growth and profitability.

Cars & Spare Parts is the clear growth engine — steady, high-margin revenue expansion amplified by personalization (management says ~20% of that line), while Sponsorship/Brand income is accelerating, showing successful lifestyle monetization. The abrupt disappearance of Engines from reporting after early 2024 points to a segment reclassification or internal consolidation, not demand loss. Management’s guidance (model ramp‑ups, richer product mix, but EUR ~200m FX headwind and higher SG&A/D&A) implies revenues can keep rising, but margin and quarter-to-quarter delivery phasing remain the key risks.