Financial Data and Key Metrics - Revenues for Q3 2024 reached €1.6 billion, up 7% year-over-year [9] - EBIT stood at approximately €470 million, with a margin of 28.4%, driven by a strong product mix and personalization trends [9] - Net profit was €375 million, and industrial free cash flow generation exceeded €360 million [9] - Adjusted EBIT increased by 10%, and adjusted EBITDA rose by 7% with a margin of 38.8% [25] - Industrial free cash flow generation reached €364 million, supported by profitability and working capital improvements [33] Business Line Performance - The Purosangue, Roma Spider, and 296 GTS were the main drivers of deliveries in Q3 [26] - The hybrid share of shipments reached 55%, primarily driven by the 296 GTS [27] - Personalizations accounted for approximately 20% of total revenues from cars and spare parts, significantly supported by the Purosangue and Daytona SP3 [28] - Sponsorship and brand revenues increased, largely due to new sponsorships related to racing activities, including the HP title sponsorship [29] Market Performance - The Americas region supported a positive country mix, contributing to the strong financial results [30] - Shipments in China decreased, but the order book remains strong, with visibility extending into 2026 [65][66] - The UK market showed softer residual values, while other regions remained stable [51][52] Strategic Direction and Industry Competition - The company is advancing its electrification journey, with the F80 supercar representing a key milestone in internalizing core components like electric motors and high-voltage battery modules [15][94] - The e-building facility enhances technological flexibility, allowing the company to offer a continuum of ICE, hybrid, and future electric vehicles [94][95] - The company is committed to carbon neutrality by 2030, with a 60% reduction in Scope 1 and Scope 2 CO2 emissions achieved by switching off the Trigeneration plant in Maranello [23] Management Commentary on Operating Environment and Future Outlook - The company is monitoring the macro environment carefully but remains confident in its strategy and client base [24] - The order book is robust, with strong demand for the Dodici Cilindri family and the F80 supercar, providing visibility well into 2026 [10][34] - The company prioritizes the quality of revenues over quantity, focusing on maintaining high margins and profitability [47] Other Important Information - The F80 supercar, with a limited production run of 799 units, has already been fully allocated to collectors and represents the pinnacle of Ferrari's technological and performance capabilities [12][13] - The company successfully transitioned to a new ERP system, which is expected to improve operational efficiency and reduce SG&A costs over time [75][106] Q&A Session Summary Question: Timeline for F80 deliveries and mix decline in Q3 - F80 deliveries will begin in Q4 2025 and continue for 2-3 years, with 799 units planned [37] - The sequential decline in mix gains was due to high personalization and mix impacts in the prior year's Q3 [38] Question: Positioning of upcoming high-end products - The F80 is positioned as a technological and performance milestone, bridging Ferrari's ICE and hybrid offerings [41][42] - The company is keeping details of the EV hypercar under wraps to maintain exclusivity [44] Question: Volume growth vs. mix and scarcity - The company prioritizes revenue quality over volume growth, focusing on maintaining high margins and profitability [46][47] Question: Q4 guidance and residual value trends - Q4 EBIT is expected to be around €400 million, with higher OpEx related to racing and lifestyle activities [50][54] - Residual value trends vary by region, with personalization levels impacting resale values [51][52] Question: Industrial free cash flow and SG&A outlook - Industrial free cash flow in Q4 is expected to decline year-over-year due to higher CapEx and taxes [57][58] - SG&A expenses are expected to remain elevated due to digital infrastructure investments [60] Question: F80 advances and personalization rates - Advances for the F80 will be collected, but the timing of accounting was not specified [63] - Personalization rates in Q3 were 20%, with an average price increase compared to previous years [63] Question: Shipments and China market dynamics - Shipments in Q4 are expected to be higher than last year but lower than Q3 2024 [102] - The China market remains stable, with the company maintaining a deliberate strategy to keep shipments below 10% of total volumes [65][101] Question: F1 provision and ERP benefits - The F1 provision release had a €10 million impact [107] - The new ERP system is expected to improve operational efficiency and reduce SG&A costs over time [106] Question: Potential tariffs and R&D accounting - The impact of potential U.S. tariffs on the order book is uncertain, but the company may reallocate products to other regions [109] - R&D capitalization rates are expected to continue increasing due to product development expenditures [110] Closing Remarks - The company expressed confidence in its future plans, supported by strong Q3 results and progress in its electrification journey [113]

This time, I can't bear it. Not with Ferrari N.V. (NYSE: RACE ). Headlines such as "Ferrari trades lower after a decline in shipments" are completely off target.I focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a much safer driver of gains than low valuation. As a result, I ...

Ferrari (RACE) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $2.11 per share. This compares to earnings of $1.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.53%. A quarter ago, it was expected that this luxury sports car maker would post earnings of $2.21 per share when it actually produced earnings of $2.46, delivering a surprise of 11.31%.Over the last four quarters, the c ...

Exhibit 99.1 CONTENTS Page BOARD OF DIRECTORS 1 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 1 CERTAIN DEFINED TERMS 1 INTRODUCTION 2 FORWARD-LOOKING STATEMENTS 3 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Highlights 5 Results of Operations 7 Liquidity and Capital Resources 15 Non-GAAP Financial Measures 21 Risk Factors 26 Outlook 27 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AT AND FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 (UNAUDITED) Interi ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Exclusive Limited Edition RZR Honors Polaris' Global Desert Racing Success With Race-Livery Styling and Upgraded Componentry Upgrades Include Color-Matched Fang Lighting, Method Race Wheels®, BFGoodrich® Tires, RIGID® Lighting and Rockford Fosgate® Stage 6 Audio MINNEAPOLIS, Oct. 29, 2024 /PRNewswire/ -- Polaris Off Road, the leader in off-road innovation, today unleashed the new RZR Pro R Race Replica Limited Edition. The vehicle pays homage to the dominance of the Polaris RZR Pro R Factory race UTV - the ...

Ferrari N.V. (RACE) is slated to post third-quarter 2024 results on Nov. 5, before market open. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at $2.11 per share and $1.80 billion, respectively. Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar. For the to-be-reported quarter, the consensus estimate for Ferrari's earnings per share has moved up 6 cents in the past 90 days. Its bottom line is expected to rise 6.57% from the year-ago period ...

Maranello (Italy), 23 October 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” o la “Società”) is pleased to announce the multi-year renewal of its partnership with Shell, signed today. This agreement, which will take effect on 1 January 2026, encompasses Scuderia Ferrari HP, Ferrari Hypercar, and the Ferrari Challenge Series. Attachment ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying RACE stock? Here’s what analysts think: Read Next: ...

I want to empower Investors, to make as much money, from both income and capital appreciation, with as little risk as possible, through my coverage of dividend, growth, and value companies."In giving (not investment) advice seek to help, not to please, your friend." - SolonMy investing style:Selective Investor looking for opportunities with a good risk-adjusted ROI. For dividend investing, I employ a rather aggressive strategy of high yields and, ideally, high growth, not shying away from global diversifica ...