Shell has signed a 10‑year renewable energy supply agreement with Ferrari N.V., committing to deliver 650 GWh of green power through the end of 2034. The deal will cover nearly half of Ferrari’s energy consumption at its Maranello plant, while Shell Energy Italia will provide additional power and guarantees of origin to meet the company’s entire energy needs in Italy.
Ferrari’s sustainability strategy hinges on reaching climate neutrality by 2030 and cutting Scope 1 and 2 emissions by 90% in absolute terms. The new agreement directly supports these targets by ensuring a steady supply of renewable electricity, reducing the company’s exposure to fossil‑fuel price volatility and lowering its carbon footprint. The partnership also strengthens Ferrari’s ESG credentials, a key factor for investors and partners in the ultra‑luxury automotive market.
In its latest quarterly report, Ferrari posted Q3 2025 results that exceeded analyst expectations. Revenue rose to €1.731 billion, up 7.4% year‑over‑year, driven by an enriched product mix and strong demand for personalized models. Net income climbed to €381 million, and diluted earnings per share reached €2.14, beating consensus by €0.24 (about 6.4%). The company’s earnings beat was largely attributable to cost discipline and a higher margin mix of high‑value vehicles and sponsorship, commercial, and brand segments, which grew 21%.
Ferrari also raised its full‑year 2025 guidance, forecasting net revenues of at least €7.1 billion and adjusted EBITDA of at least €2.72 billion. Industrial free cash flow is projected to exceed €1.3 billion. Management highlighted that the combination of robust demand, a focus on high‑margin personalization, and the new renewable power agreement positions the company to sustain growth while advancing its electrification roadmap.
The Shell deal aligns with Ferrari’s broader electrification strategy, which includes hybrid and electric models planned for 2030. By securing renewable power, Ferrari can reduce future energy costs and mitigate carbon‑related risks, reinforcing its “value over volume” approach and preserving brand exclusivity in a competitive luxury segment.
The agreement is a strategic milestone that signals Ferrari’s commitment to sustainability, strengthens its ESG profile, and supports its financial outlook, making it a material event for long‑term investors.
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