Workers on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024.Ferrari is thought to be something of a special case among Europe's automobile sector even as many car giants come under pressure from the threat of U.S. tariffs.President-elect Donald Trump on Monday vowed to impose steep tariffs on China, Canada and Mexico in one of his first acts in office, threatening to shake up the auto industry's supply chains and raising investor concerns about highe ...

AUSTIN, Texas, Nov. 27, 2024 (GLOBE NEWSWIRE) -- AutoScheduler.AI, an innovative Warehouse Orchestration Platform and WMS accelerator, announces hosting a LinkedIn Live event with Supply Chain Industry Analyst, Bob Ferrari. The insightful LinkedIn Live event, “Supply Chain 2025: What to Expect (and What Not to) in a Volatile World,” explores predictions for the year ahead in the supply chain. “Some predictions align with emerging trends, while others challenge the market’s conventional wisdom,” says Keith M ...

There are some special businesses out there that just don't fit neatly into the traditional industry buckets. For example, while Ferrari (RACE 1.89%) is certainly a car manufacturer, it's also a world-renowned luxury brand. That distinctive combination has worked to its benefit.Since this automaker's initial public offering in October 2015, its stock has soared by 691% (as of this writing). That's a nearly eight-fold gain in roughly nine years' time. But with that impressive performance in the rear-view mir ...

SINGAPORE, Nov. 18, 2024 (GLOBE NEWSWIRE) -- MEXC, a leading cryptocurrency exchange, has launched a Ferrari Giveaway event that features a notable prize pool of 10,000,000 USDT. This initiative aims to provide users with a unique opportunity to win a Ferrari SF90 Stradale and other exclusive items while engaging with the platform. The event is open for participation until December 17, 2024, welcoming users from around the world. Event overview Prize Pool: The giveaway includes a total prize pool of 10,000 ...

Investment Rating - The report assigns an "Overweight" rating for Ferrari (RACE) as a first coverage [1][5]. Core Views - Ferrari's revenue for Q3 2024 reached €1.64 billion, reflecting a year-on-year increase of 7%. The adjusted EBITDA was €640 million, also up 7%, with an EBITDA margin of 38.8%, slightly improved by 0.2 percentage points from the previous year. The adjusted net profit was €375 million, marking a 13% increase, with a net profit margin of 22.8%, up by 1.3 percentage points year-on-year [1][2]. - The company maintains its full-year guidance for 2024, expecting total revenue to exceed €6.55 billion, with adjusted EBIT of at least €1.82 billion and an adjusted EPS of at least €7.90 [2][5]. Summary by Sections Financial Performance - Q3 2024 total revenue was €1.64 billion, with automotive and parts revenue at €1.40 billion, up 5% year-on-year. Sponsorship and commercial revenue increased by 20% to €170 million, driven by new sponsorship deals [2]. - The gross margin for Q3 was 49.7%, with selling and administrative expenses rising by 13.4% to €135 million. R&D expenses decreased by 4.1% to €210 million due to the phasing out of certain models [2][5]. Market Performance - Ferrari's stock performance over the past month was -1.45%, while it gained 6.28% over three months and 33.74% over the past year. In comparison, the S&P 500 index increased by 4.09% in the last month, 13.15% in three months, and 35.42% over the past year [2][5]. Regional Sales - Total vehicle shipments in Q3 2024 were 3,383 units, down 2% year-on-year. The Asia-Pacific region, including mainland China, Hong Kong, and Taiwan, saw a significant decline of 29% in shipments [2][5].

Denver, Colorado, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Phoenix Capital Group CEO Adam Ferrari recently shared significant milestones from the company’s Williston Basin drilling operations in North Dakota’s Bakken Formation. After releasing impressive production numbers from the company’s Nate Pad in early October, Ferrari announced the successful completion of five 3-mile horizontal wells on both the Daniele and Axel Ferrari pads. Phoenix is now managing 37 gross operated wells, with 32 currently in production ...

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 ...