March 26 - Ferrari Group (RACE, Financial) creates buzz in the niche luxury logistics sector as top banks like Goldman Sachs (GS, Financial) and Jefferies (JEF, Financial) kick off coverage at a ‘buy' rating. The company focuses on freight forwarding for high-value items such as jewelry, watches, and diamonds. Although this segment is small in the global logistics arena, it offers attractive margins and strong growth prospects.

Analysts praise Ferrari's commanding market position, which holds over a 10% share in this lucrative niche. The firm operates an expansive network across 64 countries, handling over one million air freight shipments yearly, and moves goods valued above €170 billion. Jefferies emphasizes the company's integrated services in freight forwarding, warehousing, and security, offering a one-stop solution for luxury brands.

Goldman Sachs and Jefferies are anticipating annual revenue growth of 6% to 8%, and EBITDA increases by 7% to 8% per year. They highligh Ferrari's strong cash flow and great margins are stressed, with the firm being mentioned as an industry standout in the face of growing competition.