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The Max Noble Integrity Score · the report10 February 2026

Max Noble

Ferrari

Benedetto Vigna promised ≤EUR 6.7bn; EUR 2.5–2.7bn. Now it is EUR 7.1bn; EUR 2.8bn.

🇮🇹 Italy · Luxury carsFerrari100IntegrityBVBenedetto VignaCEO, 2021–, FerrariPromisedsales and profit by 2026≤EUR 6.7bn; EUR 2.5–2.7bn16 June 2022
He promised

Up to EUR 6.7bn in sales and EUR 2.5–2.7bn profit before depreciation, by 2026.

Benedetto Vigna, CEO, 2021–, on 16 June 2022.

He got

EUR 7.1bn in sales and EUR 2.8bn profit in 2025, a year early.

Stamp: Kept.

Why, says the company

Fewer cars than demand, richer models and more personalisation.

How bad

Nothing: the promise was beaten a year early. Score 100 → 105.

In the company’s own words

Not needed: target beaten a year early. Ferrari credited its carefully managed volume strategy, product mix and personalisation.

The sources

Will Ferrari deliver at least EUR 2.97bn adjusted EBITDA in 2026? Make your call in the CEO Game →